Announcement praised by Apple’s Tim Cook.
US-based semiconductor manufacturer GlobalFoundries, owned by Abu Dhabi’s Mubadala Investment Company, announced plans to invest $16 billion to expand semiconductor manufacturing and advanced packaging in the states of New York and Vermont.
According to a press release from the UAE-backed company, it is collaborating with Apple, SpaceX, AMD, Qualcomm, NXP and General Motors on the project.
“These companies partner with GlobalFoundries to support their production of US-made chips, underscoring GF’s role as a trusted supplier of essential semiconductors and a key enabler of supply chain security,” the company said.
According to GlobalFoundries, the investment announcement is the result of negotiations with President Donald Trump’s administration as well as “support from leading technology companies aiming to onshore critical components of their supply chain”.
Apple chief executive Tim Cook, welcomed the investment announcement noting that GlobalFoundries has supplied chips to the Cupertino-based technology giant since 2010.
“We’re excited to see them expand right here in the US and these chips are an essential part of Apple products like iPhone, and they’re a powerful example of American manufacturing leadership,” he said.
General Motors president Mark Reuss also encouraged the investment, reflecting on its potential to safeguard the US supply chain.
“Semiconductors are critical to the future of vehicles, and their importance will only grow,” he said.
“GlobalFoundries’ investment supports our work to secure a reliable, US-based chip supply – essential for delivering the safety, infotainment and features our customers expect.”
The investment plans come weeks after UAE President Sheikh Mohamed and Mr Trump witnessed the unveiling of plans for a new 5GW UAE-US AI Campus in Abu Dhabi during the US leader’s visit to the Emirates in May.
The campus will include five gigawatts of capacity for AI data centres in Abu Dhabi, providing a regional platform from which US hyperscalers will be able to offer latency-friendly services to nearly half of the population living within 3,200km of the UAE.
GlobalFoundries’ chief executive Tim Breen lauded what it would mean for the US economy.
“With all these technologies and more manufactured right here in the US, GlobalFoundries is proud to play its part in accelerating America’s semiconductor leadership.”
Official press release issued on June 04, 2025 here.
