Saratoga TODAY April 30 - May 6, 2021

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LOCAL • INDEPENDENT • FREE Volume 15

Issue 17

April 30 – May 6, 2021

saratogaTODAYnewspaper.com

518- 581-2480

Globalfoundries World HQ Relocating to Malta

GlobalFoundries photo provided by Shelby Schneider of SCPP

BOCES Students Bring Home Gold

ECCA Business Program Seniors Justin Garfolo (Saratoga Springs), Elizabeth Radyn (Lake George), Aeryn Brewer (Corinth), and Ella Crossman (Glens Falls) who won first place in Entrepreneurship (Team of 4). Photo provided. See Story pg. 18

MALTA — Globalfoundries is relocating its headquarters to Malta, the site of Fab 8, the company’s most advanced semiconductor manufacturing facility. GF has invested more than $15 billion in its Fab 8 facility over the last decade to support innovation and manufacturing capacity. In 2021, the company is doubling its planned investment to expand global capacity, with $500 million targeted for Malta alone. “This is a huge shot in the arm for our Capital Region economy,” U.S. Sen. Charles Schumer explained during an

event held April 26, announcing the company’s plans to relocate its headquarters. In a prepared statement, the company said the move to its state-of-the-art fab in New York is part of its commitment to address the soaring global chip demand, with a focus on semiconductor manufacturing innovation. GF will maintain a substantial presence in Santa Clara, California, in the heart of Silicon Valley, where many of GF’s leading U.S. customers and ecosystem partners are based. See Story pg. 10

Business Snapshot Downtown Saratoga Openings & Closings

See Stories pg. 16


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