Commerce Secretary Gary Locke joined U.S. Rep. Scott Murphy today in Malta, New York to hear from executives at GlobalFoundries, one of the world's largest independent semiconductor foundries. Locke and Murphy highlighted the impact GlobalFoundries has had on economic development in New York’s Tech Valley and heard firsthand about the company’s progress on the development of its new factory – the largest project of its kind in the United States.
The Fab 8 project is the result of a public-private partnership and will create thousands of jobs in the local community and throughout New York state. The factory will be the most advanced semiconductor fabrication plant in the world, helping to position the United States as a leader in the technology-based economy.
Founded in 2009, GlobalFoundries is creating good-paying jobs in New York through the construction and development of its new facility. The company is also committed to growing U.S. exports, a key component of President Obama’s National Export Initiative, which aims to double U.S. exports over the next five years in support of several million American jobs.
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