GlobalFoundries Relocates HQ to Upstate NY From California
GlobalFoundries moved its corporate headquarters to its “Fab 8" campus in Malta, New York, just south of Saratoga Springs, but will keep a “substantial presence” in Santa Clara, California, where many U.S. customers and "ecosystem partners are based,” said the…
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chipmaker Monday. The move, effective immediately, will enable the company to recruit new talent as it doubles investments to expand global capacity, with $500 million earmarked for Malta alone, it said. Semiconductors “are more pervasive than ever, becoming one of humankind's most vital resources,” it said.