GlobalFoundries making big investment in Malta plant

MALTA, N.Y. (WCAX) – New York is ushering in a massive manufacturing hub.

Gov. Kathy Hochul says GlobalFoundries will invest $575 million to create a new packaging and testing center at its Malta facility.

GlobalFoundries manufactures semiconductor chips used in various technologies.

Hochul says this will help bolster national security and drive economic growth in New York.

The effort is expected to create 102 new full-time jobs in the Capital Region over the next five years.