Globalfoundries is one of the world’s leading semiconductor manufacturers that’s current commitment is to address the global chip demand. Their company recently moved their headquarters to their Malta, NY location in their Fab 8 facility.
Over the last decade, Globalfoundries has invested over $15 billion dollars to support their manufacturing at this facility. Back in April of 2021, it was announced that Globalfoundries is doubling the investment to expand even further including doubling the site’s capacity.
Globalfoundries currently has over 15,000 employees worldwide, with 7,000 of those people living in the United States. Almost 3,000 of those are living right here in Malta, NY. Creating this new fab will create over 1,000 new technology jobs for the company alone. The expansion will also add thousands of high-paying construction jobs to the area as well.
These new job opportunities will bring new people to the Capital Region area that have a variety of educational backgrounds, anywhere from people fresh out of high school to professionals with PHD’s. This will not only help the local job market, but also increase diversity in Capital Region communities.
Hudson Valley Community College, located in Troy, NY, currently has an apprenticeship training program with Globalfoundries employees. The Globalfoundries expansion project could potentially increase enrollment at the college as well. This is another great opportunity for the Capital Region as a whole.