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Business
GlobalFoundries to Boost Annual Capacity by 1.8 Million Wafers with Two New York Fab Plants
✍️ Asianet Newsable
🗓 15 Oct 2026, 12:36 AM
👁 17
GlobalFoundries said it will add up to 1.8 million wafers a year by building two new fabrication plants in New York, a move that lifted its shares even as broader markets stayed weak.
GlobalFoundries announced a major capacity expansion that will see up to 1.8 million additional wafers produced each year. The increase will come from two new semiconductor fabrication facilities slated for construction in the state of New York.
The company said the new fabs will be equipped with advanced process technologies, positioning GlobalFoundries to meet rising demand from automotive, 5G and high‑performance computing customers. Completion is expected within the next few years, though exact timelines were not disclosed.
Investors responded positively, with GlobalFoundries’ stock rising even as broader equity markets showed signs of weakness. Analysts noted that the expansion underscores the firm’s confidence in long‑term demand for advanced chips, despite short‑term market volatility.
The move also highlights the growing importance of the United States as a hub for semiconductor manufacturing, aligning with recent policy incentives aimed at boosting domestic chip production.
The company said the new fabs will be equipped with advanced process technologies, positioning GlobalFoundries to meet rising demand from automotive, 5G and high‑performance computing customers. Completion is expected within the next few years, though exact timelines were not disclosed.
Investors responded positively, with GlobalFoundries’ stock rising even as broader equity markets showed signs of weakness. Analysts noted that the expansion underscores the firm’s confidence in long‑term demand for advanced chips, despite short‑term market volatility.
The move also highlights the growing importance of the United States as a hub for semiconductor manufacturing, aligning with recent policy incentives aimed at boosting domestic chip production.