GlobalFoundries Plans Two Factories in Malta, New York
Computer chip company GlobalFoundries Inc. plans to open two factories in Malta, New York, with up to $21 billion in investment from Japan.
Syracuse, NY, October 14, 2026 —
Computer chip company GlobalFoundries Inc. plans to open two factories in Malta, New York, with investment from Japan of up to $21 billion, according to the information provided. The announcement identifies the company, the planned number of factories and their location, but does not provide further details about the project.
The amount is described as up to $21 billion. The information does not say whether that figure represents a finalized investment commitment, how the funding would be provided or which Japanese investors are involved. It also does not give a schedule for construction or opening.
Other details about the planned factories were not provided, including their expected production capacity, the types of chips they would make, project costs beyond the stated investment figure, or any anticipated effect on employment. The information also does not specify whether permits have been sought or obtained, or whether construction has begun.
As a result, the confirmed details in the available summary are limited to GlobalFoundries’ plan to open two factories in Malta and the stated possibility of up to $21 billion in investment from Japan. No additional timeline, project terms or explanation of the investment was included. Further information would be needed to clarify the scope and schedule of the plans.
Story summarized from the original created by The Associated Press on www.syracuse.com, see more information here.
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