GlobalFoundries Announces Further Expansion in Saratoga County wskg.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wskg.org Daily Mail and Mail on Sunday newspapers.
NEW YORK NOW – U.S. Senate Majority Leader Chuck Schumer was in Saratoga County Monday to provide a boost to successful semiconductor company GlobalFoundries, which announced it was moving its national headquarters from California to New York’s Capital Region.
Schumer also announced $50 billion in federal funding to support the semiconductor industry. China is about 10 years ahead of the U.S. when it comes to government investment in technology, he said.
“While we, the United States, and our genius created the chips, and we are the leader in creating the most advanced chips, we don’t make them here as much as we should,” Schumer said. “China has started making many more than us, the Chinese government has aided and abetted in that.”