X-bit Labs reports GlobalFoundries is preparing to apply for a permit to build the second module for its Fab 8 in Saratoga County, New York. The project is anticipated to cost $10 billion, significantly more than the total investments into Fab 8 module 1 ($6.9 billion). This may either point to the fact that the new factory will be much bigger than the current one or that it will be GlobalFoundries' first 450mm fab.
GlobalFoundries is expected to file an application this week to expand its Fab 8 complex in Luther Forest Technology Campus (LFTC), reports the BusinessReview web-site. The contract maker of chips has not yet committed to building the fab, but filing the application with the town of Malta lays the regulatory groundwork in case GlobalFoundries finds out it needs additional capacity to manufacture chips for its clients.
“A lot of complex factors go into determining whether we need to build a second production facility. That’s really the name of the game – having the right capacity at the right time to meet our customers’ needs,” said Travis Bullard, a spokesman for Globalfoundries.