To celebrate the groundbreaking of Fab 8 in July 2009, GLOBALFOUNDRIES made the first installment in a series of payments to the GF-Town of Malta Foundation and the GF- Town of Stillwater Foundation with a contribution of $1 million. GF has now contributed a total of $5 million to community development organizations, which will fund programs and projects that provide tangible benefits of a public nature to diverse groups in the community including: no-for-profit corporations, charities, community arts and theater groups, community historical sites, special events, education programs, and sports and recreation activities.
Each installment to the two charitable organizations was marked by key milestones toward successful construction and start of operations at Fab 8. The first installment payment is now being used to create a recreational sports field complex on the Luther Forest Technology Campus and to make improvements at the Round Lake baseball fields.
The GF-Town of Stillwater Foundation has been formed and all seven positions on its Board of Directors are filled. The Board is now working on a strategy to evaluate and invest in projects that support the mission of the organization.
Last December, the GF- Town of Malta Foundation awarded its first wave of funding (totaling $37,500) to support 13 diverse local organizations that provide unique and impactful programs including:
Eric Choh, Vice President and General Manager of Fab 8, said, “We believe the success of our company is directly related to the health of the communities we call home. As a result, we are committed to making investments of time, money, technology, and volunteer activities in local organizations to help improve the quality of life in our communities.”
The checks totaling $2.8 million presented to GF-Town of Malta Foundation and the GF- Town of Stillwater Foundation today were part of the development of the Fab 8 project, GF’s newest 300 mm semiconductor wafer manufacturing facility currently ramping operations in Saratoga County, New York.