Act to provide funding for semiconductor manufacturing headed to Biden’s desk

The CHIPS Act is headed to the White House for the president’s signature.

The act would provide funding for semiconductor manufacturing in the United States.

In the Capital Region, this would support GlobalFoundries to make another manufacturing plant in Malta.

In a statement Thursday, GlobalFoundries said this would create “roughly one-thousand high-tech jobs and thousands more to the New York State economy and semiconductor ecosystem both during construction and after the fab comes into operation.”