B-Roll, Video, Audio, Photos & Rush Transcript: Governor Hochul Celebrates the Groundbreaking of GlobalFoundries’ New $10 Billion Semiconductor Manufacturing Facility in[...]

Governor Kathy Hochul today celebrated the groundbreaking of GlobalFoundries' new $10 billion semiconductor manufacturing facility in Malta, Saratoga County. The new facility is part of a $12.3 billion multi-phase expansion in New York State that includes upgrades to GlobalFoundries' existing facilities and a new Advanced Packaging and Photonics Center. The project will create more than one thousand new good paying manufacturing jobs, support thousands of construction and industry-related jobs in the Capital Region and is supported by a $570 million investment from New York State.

B-ROLL of the Governor participating in the groundbreaking for the new GlobalFoundries facility is available to stream on YouTube here and TV quality video is available here (h.264, mp4).

VIDEO: The event is available to stream on YouTube here and TV quality video is available here (h.264, mp4).

AUDIO: The Governor's remarks are available in audio form here.

PHOTOS: The Governor's Flickr page will post photos of the event here.

A rush transcript of the Governor's remarks is available below:

Tom, it is so great to be back on this campus. I started coming here when I was Lieutenant Governor for 8 years, and I'd come up and meet with your employees, and then we had a gathering of women employees during Women History Month. And, you know, I've just fallen in love with this whole concept of creating something out of nothing. Something - this land was a forest, but now it is a place where people are building their lives and creating something that makes us so proud here in the State of New York.

We do have a strong manufacturing legacy. And those of us who come from a place like Buffalo, New York, we used to make steel. My grandfather was a steelworker. My dad was a steelworker. Everybody did that or they made automotives and automobiles. And when those industries left town, you sort of feel like, "What's next?" And for upstate New York, it was 40, 50 years of what's next.

And I'm so proud to be the Governor at this moment in history where we can celebrate what is happening here to a company that believed in this business, this industry 20 years ago, ahead of its time. And Tom and everyone who's part of GlobalFoundries are the pioneers, but it's your work that led to where we are now with being able to attract Micron. I'm so proud to have enticed Micron to come here. We had them - they had me at hello. I just had to get them, bring them along out of some other consideration of other states. But, I'm very competitive. I'm a Buffalo Bills fan, go Bills. And I don't like to lose. So when there's an opportunity, I'm going to jump on it. But to see you expand like this, Tom, it is a glorious day for me. I'm so proud.

And to Tim Breen, I also appreciate a word that you used when you spoke about New York was confidence, that you have confidence in us and our leadership to be able to continue delivering for our efforts and my vision to create an entire innovation economy from Albany all the way to Saratoga, Albany to cross the New York State Thruway, which in itself was an ingenious concept that followed the ingenious concept of another Governor over 200 years ago to build the Erie Canal, to literally have this dream of connecting New York City to the Great Lakes and opening up the West by doing something that engineers thought was crazy.

In fact, President Thomas Jefferson said they have to lock that Governor up, DeWitt Clinton, because he's gone mad. But he got it done. So I kind of admire the crazy Governors who get things done. And so I, we live in that legacy, and I want everybody to feel the power of that, of what we're doing here in 2026.

So Tim, thank you, and I want to give a special shoutout to Senator Chuck Schumer. He was really dogged in his determination that we get the CHIPS and Science Act over the finish line. And then, you know, we talked about our desire to make New York the place that the companies that are now incentivized to expand here in the United States, why not New York? And so we worked closely together, worked in partnership, to deliver Micron, and he gets a lot of credit for that as well.

And Senator Kirsten Gillibrand, a great partner in this as well. And Paul Tonko, great to have a local partner who understands the value of this, and now will soon be in the majority in the House of Representatives. So, whatever you want, Tom, now you can go to Paul and it'll get - it'll happen.

And I'm so proud of my administration. Hope Knight, thank you for leading this incredible organization that is making magic happen. And Kevin Younis, who never gave up on any project, you know? When Kevin wants something to happen, we talk all the time, and I thank him for just seeing the vision as well. Rory Christian, our head of the Public Service Commission, as well as our partners in government, our representatives from the Department of Commerce and this office that is so important. You know, Bill Frauenhofer, I want to thank you for being here at many of these events, but also helping us have that relationship with Washington from someone who understands New York and the great potential we have here as well. So thank you, Bill.

And our Deputy Chief of Mission Mase, from Consul General of Japan. We're so proud to have this friendship, you know, not just a relationship, but a friendship with the Japanese, and I look forward to visiting before too long and to, you know, have the opportunity to thank people in Japan, the Japanese government and businesses, for having this partnership with us. And all of our local officials. I used to be a Town Board member, so I have to give my shoutout to my Supervisor here, Cynthia Young, and all the local officials here as well.

So I think I've acknowledged everybody in the room, but I am beyond delighted to be here, and this is so good. When you made this happen, you planted the flag here in Malta years ago, you really did usher in a whole new era of manufacturing, and you made people believe again, and that is something that we didn't have, was people that were true believers, that saw a vision when others thought our best days were behind us. And at the time, since then, you've invested over $15 billion, which sound like big numbers, and now we're just going even bigger.

You've built a world-class operation and, you know, I'm here to support every area of your expansion, anything you want to do. And this $10 billion semiconductor manufacturing expansion, it's just a huge point of pride for us. I brag about this. I'm all over - I'm talking to Governors. I brag about what we're doing here because I have businesses, leaders like you, Tom and Tim, who understand that the environment that you're in is so important.

I mean, yes, you could be somewhere else, but you would not have the work ethic that we have here in upstate New York, and I think that is second to none because it is a long industrial legacy of people going to one job when they're in their 20s and staying until they retire. That is something we can offer businesses, that sense of loyalty to companies who also take care of their employees, and you see that here. The longevity of people who've built their lives and their careers here. You're so proud of this.

But also, our academic institutions, second to none, what we have here in New York State. And I love the color orange because I went to Syracuse University. Go Orange. Couldn't find any of my collagiate today, sorry. I was looking for it. I could've worn a Syracuse jersey, but that would not have maybe worked out too well. And we're playing Notre Dame soon, where my husband went, and that's going to be a big family conflict soon. Go Orange. Good luck.

And just, it's our academic institutions. It's the quality of life here too. I mean, those of you who've been to Lake George, it is stunning. And to go up to the mountains and go to, you know, boat on the Erie Canal and just, it is amazing what we have here. So I - to the businesses that have found New York, you know what I'm talking about: Lower cost living. I mean, try to find a house in Silicon Valley compared to the cost of a house in Malta, okay?

It's a world of difference. But I'm so proud of what we have here, proud to continue supporting you. And again, Tom, whatever we can do, we're proud to be there with you side by side. I've always believed that government should not be on your back, government should be on your side. And here today you see what that partnership, that respect for businesses looks like when we can help pave the way, give the incentives, and I'll continue working with our Legislature to expand, to show the proof point of what we've done with that Green CHIPS and Science Act, and how we should expand it to go even further because I'm all about go big or go home.

Thank you very much, everybody. Congratulations.