Today, Secretary Gina Raimondo met with Mr. Khaldoon Al Mubarak, the Chief Executive Officer of the Mubadala Investment Company (an Emirati state-owned holding company), to congratulate him on GlobalFoundries’ announcement to expand their semiconductor fabrication plant in Malta, New York. The Secretary also encouraged Mr. Al Mubarak to work with the Commerce Department as the Mubadala Investment Company continues exploring investment opportunities in the U.S. Additionally, Secretary Raimondo highlighted the Department’s upcoming premiere trade mission, Trade Winds, which is scheduled to take place in Dubai in early March 2022.

GlobalFoundries is a semiconductor manufacturing company owned by the Mubadala Investment Company.