Reuters: GlobalFoundries planning to invest as much as $10 billion more at Malta site

globalfoundries malta fab 8

The fab in Luther Forest in Malta.

So, there's planning to spend some money, and there's planning to spend some money. This is the latter: The head of the holding company that owns GlobalFoundries tells Reuters it has received a commitment from its Abu Dhabi state investment fund backers to spend $9-10 billion on expanding capacity at GloFo's facility in Malta.

From the article:

The New York factory, which started operations in 2012, has the capacity to produce 300mm wafers at around 60,000 a month. The wafers are used to create integrated circuits, which are at the heart of all electronic devices.
ATIC wants to expand the factory to produce 20 and 14 nanometer nodes, which will be growth areas in the next three to four years, Ajami said.
Utilizing smaller nodes, crucial parts of computer chips, is a vital part of making electronic devices smaller, such as thinner mobile phones.
Growth rates in the semiconductor industry, which has been hit by falling demand for personal computers as people switch to mobile devices such as tablets, are around the high single- digits, Ajami said.

The Biz Review's Adam Sichko puts the news in some perspective -- the new money would basically double GloFo's investment at the Malta site to date -- and highlights what's still not known -- mainly, whether this means a second fab is on the way. The company has gone through the necessary local approvals for a second fab, but it's yet to publicly commit to building one.

[via @AlbBizHaley]

photo: GlobalFoundries

Say Something!

We'd really like you to take part in the conversation here at All Over Albany. But we do have a few rules here. Don't worry, they're easy. The first: be kind. The second: treat everyone else with the same respect you'd like to see in return. Cool? Great, post away. Comments are moderated so it might take a little while for your comment to show up. Thanks for being patient.

What's All Over Albany?

All Over Albany is for interested and interesting people in New York's Capital Region. In other words, it's for you. It's kind of like having a smart, savvy friend who can help you find out what's up. Oh, and our friends call us AOA.

Search

Recently on All Over Albany

Recycled robots

We're charmed by these robot sculptures standing in Jim DiNapoli Park, the wedge of grass and sidewalk and trees and benches between Maiden Lane and... (more)

Civil War walking tour of Albany Rural Cemetery

The Albany Rural Cemetery has a Civil War walking tour August 4. Tour blurbage: Mark Bodnar, known as "The Civil War Guy" at Albany Rural,... (more)

What qualifies as the Capital Region?

What or where is the Capital Region? Should be a few core counties? The entire "commuting shed" for people who work here? A broad economic... (more)

Toasting the Past and Present of Arbor Hill

This Thursday is the 12th birthday party for the Albany Barn (with food, drinks, music, and art), and the Ten Broeck Mansion is also hosting... (more)

What's up in the Neighborhood

Among the topics in this most recent spin around the Capital Region's online neighborhood: guns, crosswalks, a bad case of the selfies, a gravel grinder,... (more)

Recent Comments

I frequently find myself along this trail on Sunday mornings, hungry, & very little is open. There's a lot of talk about special mowers & building bathrooms & that's nice, yes, let's do that, certainly. But *right now* people using this trail are hungry & want to buy food & drink (& use the bathroom, as a paying customer): if the businesses that are already there were OPEN it would go a long way to providing amenities & destinations. ...

Civil War walking tour of Albany Rural Cemetery

...has 1 comment, most recently from Paula

The Helderberg-Hudson Rail Trail is set to get a new paved section this summer, and a few more bits about its future

...has 5 comments, most recently from Jeff

Historic brewing district tours of Albany

...has 5 comments, most recently from Craig

A very animated explainer about ticks

...has 1 comment, most recently from Jamie

Shmaltz is selling its brewery

...has 2 comments, most recently from Sean