GlobalFoundries, launched in 2009, is the world’s second-largest semiconductor chip maker. Although based in Santa Clara, California, it employs over 7,000 people in the northeast United States and is considered to be the anchor of the eastern New York “Tech Valley,” which has spurred an influx of research and development companies into the region.
The company provides a range of application-optimized solutions and technologies and to markets that include communications and data centers, automotive, mobility, and Internet of Things. Their leading-edge mask-making technology and collaborative ecosystem deliver optimized high-quality mask solutions that bring customer designs from data preparation to manufacturing to production.
GlobalFoundries is in the process of investing $8.5 billion in what will be its new Fab 8 campus in New York’s Saratoga County. That will create the world’s most advanced manufacturing facility of semiconductors upon its completion. It is also the largest “green field” construction project being built east of the Mississippi River.
Partners of GlobalFoundries
Having partnered with Advanced Micro Devices (AMD) and Mubadala Technology (Abu Dhabi’s former Advanced Technology Investment Company) and with acquiring Chartered, based in Singapore, the company has continued to expand.
Advanced Micro Devices, Inc. (AMD) is also based in Santa Clara, California, and is a multinational semiconductor company that develops computer processors and many related technologies for businesses and consumers. It initially manufactured its own processors but later outsourced to GlobalFoundries. AMD is the second-largest supplier and Intel’s only significant rival for x86-based microprocessors.
Mubadala Technology is a principal investment firm that invests in advanced technology sectors and focuses mainly on the semiconductor industry in Abu Dhabi, the United States, Europe, Asia, and throughout the world.
United Arab Emirates
The United Arab Emirates (UAE) is one of the most innovative of the world’s economies, is a significant economic partner of the United States and is its largest export market in the Middle East. SelectUSA reported that UAE Foreign Direct Investment in the United States totaled $26 billion in 2016 and supported over 10,000 American jobs. UAE investments spur advancements and innovations in a multitude of sectors, including and manufacturing, high technology, aerospace, and real estate.