Semiconductor firm to buy, expand upstate NY chip plant

April 22, 2019 07:35 PM

EAST FISHKILL, N.Y. (AP) - New York state officials say an Arizona-based semiconductor supplier will purchase GlobalFoundries' computer chip manufacturing plant in the Hudson Valley as part of a $720 million expansion plan.

Gov. Andrew Cuomo announced Monday that Phoenix-based ON Semiconductor will establish its first 300mm chip manufacturing plant at GlobalFoundries' Fab 10 facility in East Fishkill, 60 miles (96 kilometers) north of New York City.

Advertisement – Content Continues Below

The Democrat says On Semiconductor committed to creating 150 new jobs in East Fishkill and retaining a minimum of 950 existing jobs at the facility.

Officials say GlobalFoundries will be shifting production from Fab 10 to their other facilities, including Fab 8 in Malta, New York.

The state has offered ON Semiconductor $40 million in grants and tax credits if the company meets its job creation and investment commitments.



Copyright 2019 The Associated Press. All rights reserved.

Relay Media Amp
Saratoga socialite Marylou Whitney dies at age 93

Precautions strongly urged during dangerous heatwave

Trainers, jockeys praise NYRA for cancelling Saturday's racing

Troy building being turned into lofts catches fire

National Grid ready to handle heatwave's power demand