India, June 9 -- GlobalFoundries, working with the Trump Administration and with support from leading technology companies aiming to onshore critical components of their supply chain, has announced plans to invest $16 billion to expand its semiconductor manufacturing and advanced packaging capabilities across its facilities in New York and Vermont.

GF's investment is a strategic response to the explosive growth in artificial intelligence, which is accelerating demand for next-generation semiconductors designed for power efficiency and high-bandwidth performance across datacenters, communications infrastructure and AI-enabled devices.

GF is collaborating with major technology companies such as Apple, SpaceX, AMD, Qualcomm, NXP, and GM, t...