GlobalFoundries plans to spend $16B to boost domestic chip production, including $13B on its New York and Vermont plants and $3B for advanced packaging research Ian King / Bloomberg : Bloomberg 2025-06-04 Ian King GlobalFoundries, Ian King / Bloomberg, New York, Vermont Related Coverage GlobalFoundries boosts investment plans to $16 billion, with research focus Reuters GlobalFoundries Commits $16 Billion To US Chip Expansion As AI Drives Demand Benzinga GlobalFoundries pledges $16bn investment to reshore chip manufacturing at New York and Vermont fabs DatacenterDynamics GlobalFoundries Announces $16B U.S. Investment to Reshore Essential Chip Manufacturing and Accelerate AI Growth GlobalFoundries GlobalFoundries to Invest $16 Billion to Reshore Chip Manufacturing Barron's Online