$4.2B Semiconductor Facility in Upstate NY Likely to Spark New Opportunities

After three years of Silicon Valley-based GlobalFoundries and the State of New York working together to lay the financial groundwork, construction of GlobalFoundries' $4.2 billion semiconductor wafer manufacturing facility at the new 1,400-acre Luther Forest Technology Campus in Malta, N.Y., has just commenced. Officials expect the GlobalFoundries development to create 1,400 new manufacturing jobs, and they are keeping their fingers crossed that the 1.3-million-square-foot Fab 2 will spur additional investment in the area.