Thursday, 29 April 2021 12:27 Globalfoundries World HQ Relocating to Malta GlobalFoundries photo provided by Shelby Schneider of SCPP.
MALTA Globalfoundries is relocating its headquarters to Malta, the site of Fab 8, the company’s most advanced semiconductor manufacturing facility.
GF has invested more than $15 billion in its Fab 8 facility over the last decade to support innovation and manufacturing capacity. In 2021, the company is doubling its planned investment to expand global capacity, with $500 million targeted for Malta alone.
“This is a huge shot in the arm for our Capital Region economy,” U.S. Sen. Charles Schumer explained during an event held April 26, announcing the company’s plans to relocate its headquarters.
MALTA, N.Y. â GlobalFoundries is moving its headquarters from Silicon Valley to Saratoga County, the company announced Monday, as it positions itself for growth, strengthens partnerships with customers and recruits new talent.
CEO Tom Caulfield, along with Senate Majority Leader Chuck Schumer shared the news at a press conference on Monday at Fab 8, the companyâs most advanced semiconductor manufacturing facility.
âWe are enhancing our presence in upstate New York, and we are officially, as of today, relocating our headquarters to Saratoga County,â Caulfield said on Monday, noting that the move comes at Schumerâs urging, and with his support.
CAPITAL REGION, N.Y. â The Capital District Regional Planning Commission (CDRPC) announced the release of an important new tool for Capital Region government leaders, business executives and the general public to track the pace of economic recovery as the Nation, New York State and the Region emerge from the economic impacts of the COVID-19 Pandemic.
COVID Economic Recovery Dashboards are available on CDRPC’s website https://cdrpc.org/covidrecoverydashboard.
The CDRPC COVID Economic Recovery Dashboard features important economic indicators which compare current data to pre-pandemic levels. Dashboard users will be able to chart the impact of the pandemic and also track the pace of economic recovery in real-time. The Economic Recovery Dashboard features data on changes in employment by sector, small business activity, consumer credit card spending, and impacts to mobility and migration.