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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.

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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.

Credits

AP

Copyright 2019 The Associated Press. All rights reserved.

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