GlobalFoundries Relocates HQ to Upstate NY From California

GlobalFoundries moved its corporate headquarters to its “Fab 8" campus in Malta, New York, just south of Saratoga Springs, but will keep a “substantial presence” in Santa Clara, California, where many U.S. customers and "ecosystem partners are based,” said the chipmaker Monday. The move, effective immediately, will enable the company to recruit new talent as it doubles investments to expand global capacity, with $500 million earmarked for Malta alone, it said. Semiconductors “are more pervasive than ever, becoming one of humankind's most vital resources,” it said.