GlobalFoundries set to announce NY fab expansion as Intel buyout reports swirl

 GlobalFoundries set to announce NY fab expansion as Intel buyout reports swirl

Intel’s reported interest in acquiring GlobalFoundries comes as the Malta-NewYork-based company has embarked on a multi-billion-dollar program to expand its foundry capabilities on multiple continents. 

The latest step in that expansion may be announced Monday. A report from the Albany Business Review suggested that GlobalFoundries is due this week to announce a major expansion of its New York facility. The company also said in an email to Fierce Electronics this weekend that on Monday it is making “a significant announcement about GF’s global expansion plans and commitment to addressing the imbalance between supply and demand in the semiconductor industry.”

GlobalFoundries moved its headquarters from Santa Clara, California, to Malta, in New York’s Saratoga County, the site of one of its existing foundries, just a few months ago.

This announcement looms after GF last month announced it is investing $4 billion to build

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