Biden admin providing $1.5 billion to GlobalFoundries to make computer chips in New York and Vermont::The Biden administration says that the government would provide $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in New York and Vermont.
If they can pay the people with advanced graduate degrees enough that they don’t need to seek other work elsewhere, it might succeed.
I am very very confused.
GlobalFoundaries just sold their chip fab in Fishkill NY in Feb 2023 source
Why are they now building a new chip fab in NY again?
Probably to produce new nodes. You can’t just reuse old equipment.
I think that’s just an old IBM plant they inherited. They’re actually head quartered out of Malta, NY and had their flagship foundry there, but I think dresden is currently their most advanced plant. It goes back and forth with node advancements
So are they going to actually resume work on a newer node with this? They abandoned work on 7nm what, 5 years ago now?
Yeah, I was just wondering if they’ll really invest in advanced nodes, or will settle on outdated nodes for use in the automobile industry.
This has echoes of Foxconn in Wisconsin