Tonko Cheers $1.5 Billion CHIPS Award to GlobalFoundries

WASHINGTON, DC - U.S. Congressman Paul D. Tonko (D-NY)today celebrated a massive $1.5 billion in federal funding awarded to GlobalFoundries in Malta, NY to support semiconductor manufacturing. The funding - made possible by the CHIPS and Science Act that Democrats advanced two years ago- will create an estimated 10,000 construction and manufacturing jobs for the region.

This funding comes on the heels of the recent announcement that Albany NanoTech Complex will be the location for the first CHIPS for America research and development (R&D) flagship facility and planed site for the National Semiconductor Technology Center (NSTC)'s CHIPS for America Extreme Ultraviolet (EUV) Accelerator. Tonko pushed for years to secure this designation for the Capital Region.

"The investments in jobs, manufacturing, and innovation continue to pour into our region, thanks to the Biden-Harris Investing in America Agenda," Congressman Tonko said. "I fought hard to deliver critical funding to spur our nation's semiconductor manufacturing over the years, and I'm thrilled to see that effort paying dividends for our Capital Region communities today. This federal investment in GlobalFoundries will further strength our region's leadership position in semiconductor development. As we celebrate this announcement, the work begins to ensure Republicans do not roll back critical investments that are growing our domestic economy and bettering our communities. I'm committed to doing all I can to protect and support these investments, and will continue working with GlobalFoundries to ensure strong labor commitments are met in the execution of this award to bolster the strong, union jobs of tomorrow."

Tonko pushed for years to enact legislation that would jumpstart American leadership in semiconductor manufacturing. Included in the CHIPS and Science Act was his Microelectronics Research for Energy Innovation (Micro) Act, which drives the nation's global competitiveness in the field of microelectronics and chip development.