MALTA — Global computer chip sales hit $56.5 billion in January, a record for the month, the Semiconductor Industry Association revealed.
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GlobalFoundries' expansion starts despite CHIPS Act questions
Global chip sales were up year-over-year in January, pointing to rebound in sales – mostly in the Americas
www.timesunion.com, Mar. 18, 2025 –
That follows a record year of sales in 2024 when worldwide chip sales hit $627.6 billion.
So are chip companies ready to start building under the $52 billion CHIPS and Science Act?
GlobalFoundries has.
The Malta-based chip manufacturer says it has already started an upgrade of its Fab 8 computer chip factory at the Luther Forest Technology Campus in the towns of Malta and Stillwater under the terms of its $1.5 billion CHIPS act grant.
"The (GlobalFoundries) projects supported by the CHIPS Act are moving forward, beginning with capacity expansion within the four walls our existing New York facility," a GlobalFoundries spokesman told the Times Union.
Industry sales are likely a factor in how quickly firms will start building new factories after receiving billions of dollars in grant commitments from the U.S. Commerce Department under the CHIPS Act, which was signed by former President Joe Biden but is opposed by President Donald Trump, who has pushed Congress to eliminate the funding.
One of the companies that received funding to build more manufacturing capacity is GlobalFoundries, which was awarded a $1.5 billion grant under the CHIPS Act. The company intends to spend $13 billion to not only expand its existing Fab 8 chip factory but also build Fab 8.2, a second factory. The CHIPS grant would also be used to revamp GlobalFoundries' Vermont factory.
GlobalFoundries employs 3,000 people at Fab 8.
The Semiconductor Industry Association, which uses data from a group called World Semiconductor Trade Statistics could not be reached.
After a nearly 9% drop in chip sales in 2023, the industry’s sales increased nearly 20 percent in 2024.
The industry’s January 2025 sales were the best January on record, up 17.9% compared to January 2024 when there were global sales of $47.9 billion.
John Neuffer, Semiconductor Industry Association president and CEO, said in a statement that the increases were driven by a more than 50% year-to-year sales increase in the Americas.
Meanwhile, the folks at NY CREATES, which operates the Albany NanoTech complex on Fuller Road in Albany, are moving forward with an extreme ultraviolet lithography center, a $10 billion program that is being funded with $825 million in CHIPS Act funding. The new building is called the NanoFab Reflection and it is being built to connect with the existing NanoFab X building on the campus. A new parking garage is also being built.
A handful of large cranes at Albany NanoTech can be seen from miles away in what is the largest construction project in the Capital Region.
“Construction is in full swing for the new state-of-the-art NanoFab Reflection facility,” NY CREATES spokesman Steve Ference told the Times Union on Monday.
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