GlobalFoundries has announced a significant investment of $16 billion to expand its semiconductor manufacturing and advanced AI efforts in the US, with a focus on New York and Vermont facilities. The company is partnering with major tech firms like Apple and SpaceX to support domestic chip production. This move aims to secure US semiconductor capacity and technology capabilities for future generations, according to US Secretary of Commerce Howard Lutnick.
Source: https://www.wcax.com/2025/06/04/globalfoundries-announces-16b-investment-vt-ny-operations