MALTA — GlobalFoundries has secured the right to purchase more land in Saratoga County near the chip manufacturer's $13 billion Malta campus. The announcement comes as lawmakers are considering investing tens of billions of dollars in America’s semiconductor industry over the next five to 10 years to help the United States compete with China.
GlobalFoundries said on Monday that it secured a purchase option agreement for 66 acres of undeveloped land near the Luther Forest Technology Campus.
The land is located at the southeast end of the New York State Energy Research and Development Authority's Saratoga Technology + Energy Park (STEP) campus, adjacent to Stonebreak Road Extension, between GlobalFoundries' Fab 8 chip factory and Hermes Road.
"With this agreement option, we now have additional flexibility to expand our footprint and position Fab 8 for future growth in Saratoga County and New York State, while strengthening U.S. leadership in semiconductor manufacturing," said Ron Sampson, GlobalFoundries’ senior vice president and general manager of U.S. fab operations, in a statement.
GlobalFoundries is the second-largest contract chip manufacturer in the world behind Taiwan Semiconductor Manufacturing Corp. which announced plans last month to build its first U.S. plant in Arizona.GlobalFoundries employs around 3,000 people at its Malta factory, and has floated the possibility of building a second facility for years.
The company previously had an option to purchase land in the Luther Forest Technology Campus, a deal that would have positioned the company to build a second manufacturing facility in the future. That contract expired.