Tonko Cheers Qualcomm & GlobalFoundries Agreement Boosting Capital Region Chip Development
Bolstered by CHIPS Act, partnership will drive semiconductor manufacturing & job growth for region
Washington, August 8, 2022
WASHINGTON, DC—Congressman Paul D. Tonko today celebrated the announcement that U.S. chipmaker Qualcomm will more than double their investment in advanced semiconductor manufacturing at GlobalFoundries’ facility in Malta, NY.
“Today’s welcome news is exactly why I fought so hard to deliver robust legislation that drives U.S. semiconductor manufacturing,” Congressman Tonko said. “Our CHIPS and Science Act is a game-changer for our Capital Region and will reinvigorate this critical industry while bringing good-paying jobs and key investments for years to come. Tomorrow, I will join President Biden to celebrate making this transformational bill law. As I look forward to additional pioneering investments like those between GlobalFoundries and Qualcomm, I will continue pushing for action that delivers for American workers, consumers, and communities.”
In today’s announcement, Qualcomm announced that it would buy $4.2 billion from GlobalFoundries hours before the CHIPS Act is anticipated to be signed into law by President Biden.
Tonko continues leading the charge for semiconductor investments directly to the Capital Region, including his campaign to establish a National Semiconductor Technology Center (NSTC)—funded under CHIPS—in New York State.