Updated: April 26, 2021 07:01 PM
Created: April 26, 2021 06:57 PM
Senate Majority Leader Chuck Schumer was in Saratoga County Monday to push a plan to beef up American semiconductor manufacturing.
GlobalFoundries wants to build another chip-making facility on its site in Saratoga County. Some federal help could make that happen.
They already have an option on the land. GlobalFoundries has talked about expanding the capacity of its Malta site for a couple of years now.
A couple things happened Monday that could bring those plans into clearer focus.
The company announced it is relocating its headquarters from Silicon Valley, California to Saratoga County, New York.
It doesn't involve a transfer of jobs, and much of the sales will still take place in California, but naming Malta as its headquarters does underscore the company's commitment to the area.
Also, Senator Chuck Schumer was pushing a plan to infuse the semiconductor industry with $50 billion in federal money.
It's money that GlobalFoundries would be eligible for as it plans to expand in Malta.
The company's CEO says just 12% of chips are made in the United States, but the federal help will level the playing field.
Learn how the business community in Saratoga County is reacting to Monday's announcement from GlobalFoundries by watching the video of Mark Mulholland's story.
Copyright 2021 - WNYT-TV, LLC A Hubbard Broadcasting Company