GlobalFoundries says it will spend ~$1B on expanding its largest chip fab, which is in Malta, NY, and create a new fab in Malta via a private-public partnership (Dr. Ian Cutress/AnandTech) –

Dr. Ian Cutress / AnandTech:
GlobalFoundries says it will spend ~$1B on expanding its largest chip fab, which is in Malta, NY, and create a new fab in Malta via a private-public partnership  —  Today at a private GlobalFoundies event, CEO Tom Caulfield accompanied by Senate Majority Leader Chuck Schumer, announced that the company is set on expansion.

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