GlobalFoundries is a semiconductor foundry that manufactures chips for a broad range of customers, focusing on feature-rich, reliable technologies for cars, IoT, 5G, and other high-growth markets. It operates by fabricating silicon wafers for customer designs, offering mature, specialized processes rather than chasing the most advanced nodes. This makes it different from peers that prize the latest process nodes; GlobalFoundries emphasizes diversification across a global manufacturing footprint (U.S., Europe, Singapore) and stable supply for essential applications. Its goal is to be a leading supplier of high-volume, specialty manufacturing that enables reliable chips for everyday devices and growing tech markets.
Company Size
10,001+
Company Stage
IPO
Headquarters
Town of Malta, New York
Founded
2009
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Professional Development Budget
GF has been selected as the technology provider and operator for two new fabs at its Malta, New York, site under a U.S.-Japan initiative.
GlobalFoundries will build two new chip factories at its existing site in upstate New York, according to a deal announced on October 14. Japan's government will provide up to $21 billion in funding. The US government will buy about 4% of the company's shares. The two plants will be jointly held by the US and Japan. The new factories will make basic chips, reducing reliance on suppliers in East Asia.
GlobalFoundries Inc. plans to build two new chip plants with backing of as much as $21 billion from the Japanese government. The arrangement is part of a US-Japan deal that also includes the US taking a 4% stake in the company.
GlobalFoundries shares rose nearly 6% Thursday after announcing a $2 billion manufacturing deal with Taiwan Semiconductor Manufacturing Company to produce silicon interposers at its New York facility. The five-year agreement will support expanded manufacturing capacity, with volume production expected to begin in the first half of 2028. The facility is set to become the first US-based source of silicon interposers for advanced packaging technologies. These components are crucial for TSMC's Chip-on-Wafer-on-Substrate technology, which connects AI processors with high-bandwidth memory. The deal addresses constraints in TSMC's CoWoS packaging capacity, which has become a bottleneck for AI chip production. Counterpoint Research estimates the supply-demand gap could remain around 20% in 2026 before narrowing to roughly 10% in 2027.
Marvell Technology and GlobalFoundries expanded their partnership to boost production of silicon germanium (SiGe), a semiconductor technology used in high-speed optical connections for data centres. Following the announcement on 17 September, Marvell shares rose over 4% whilst GlobalFoundries climbed more than 6%. The multi-year agreement will increase SiGe manufacturing capacity at GlobalFoundries' Burlington, Vermont facility. The technology enables semiconductor devices to operate at higher speeds with reduced energy consumption. GlobalFoundries reported strong demand for SiGe, with CEO Tim Breen noting the company is "oversubscribed throughout 2027". The firm's communications infrastructure and data centre segment revenue jumped 62% year over year in Q2 2026. Marvell posted record revenue of $2.739 billion in Q2 fiscal 2027, up 37% year over year, driven by AI data centre demand.