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Santa Clara, California-based GlobalFoundries was launched in 2009 through a partnership between Abu Dhabi’s Advanced Technology Investment Company, now Mubadala Technology, and AMD (Advanced Micro Devices). The company has been subsequently expanded with the acquisition of Singapore-based Chartered. Currently, GlobalFoundries is the second-largest semiconductor chip maker in the world and employs more than 7,000 people in the Northeast US.

The largest “green field” construction project east of the Mississippi River, GlobalFoundries is investing approximately $8.5 billion in its Fab 8 campus, which is located in Saratoga County, New York. When completed, Fab 8 will be the most advanced semiconductor manufacturing facility in the world.

GlobalFoundries is the anchor of the “Tech Valley” region of eastern New York and is spurring an influx of research and development companies to the region, along with the development of new programs at local universities.