MALTA, N.Y. – GlobalFoundries is spending an additional $3 billion to expand operations at its Saratoga County chip plant and in Vermont so it can collaborate with Apple and other major tech companies in response to the exploding growth of artificial intelligence, the company said Wednesday.

The announcement will bring GlobalFoundries' total commitments to semiconductor manufacturing, advanced packaging and AI innovation across New York and Vermont to $16 billion.

GlobalFoundries said it's working with Apple, SpaceX, AMD, Qualcomm Technologies and others to bring semiconductor production to the U.S. and diversify its supply chains.

The added $3 billion will go toward advanced semiconductor research and development, innovative packaging, silicon photonics and next-generation technologies

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