Global Foundries Receives $1.5 Billion For Expansion

Global Foundries with their huge chip fab campus in Malta and also a location in Essex Junction, Vermont received and amazing $1.5 billion in government funds for expansion and updating of the chip fabrication plants. That is great news for the local employment front as the bigger they get, the more jobs they will be creating for the local economy. The funds are part of a program to increase the amount of chips that are made in the US to cut down on the reliance from other countries to supply us here in the US which is actually a good thing for us. I know many people that work for Global Foundries and I'm sure this is welcome news to them and their families and for the local economy. 

 

Photo by Manuel on Unsplash

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