# GlobalFoundries starts construction of Japan-funded New York chip fab

_Published Friday, November 13, 2026 at 1:18 PM EST · Infrastructure · Latest · Tier 1 — Major_

![GlobalFoundries starts construction of Japan-funded New York chip fab — Primary](https://ml.globenewswire.com/media/8d508fc4-5eca-472a-bcd1-34f5750681d1/small/gf-logo-horz-rgb-r-jpg-jpg.jpg)

GlobalFoundries says it broke ground November 13 on a new semiconductor factory in Malta, New York, starting construction of the first of two planned fabs under a U.S.-Japan initiative providing up to $21 billion in funding. Japan will provide investment, while GlobalFoundries supplies technology and operates the facilities.

The first fab has an initial investment of approximately $10 billion, supported by $570 million in New York State incentives. It is expected to begin operating in 2029 and add approximately 900,000 300mm wafers of annual manufacturing capacity. The chips will serve automotive, industrial and connected infrastructure markets; a second fab is planned to add approximately the same capacity.

## Sources

- [Markets Insider](https://markets.businessinsider.com/news/stocks/globalfoundries-breaks-ground-on-first-new-semiconductor-fab-under-landmark-u-s--japan-initiative-1036762304)

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Canonical: https://techandbusiness.org/newswire/XztvsPnTI-SZFREE7W_HeX
Published: 2026-11-13T18:18:52.742Z
Story chronology: 2026-11-13T17:30:00.000Z
Retrieved: 2026-11-13T20:43:17.094Z
Publisher: Tech & Business (techandbusiness.org)