Source: Globalfoundries to produce Apple chips for iPhone, iPad - NEWS10 ABC: Albany, New York News, Weather, Sports

Source: Globalfoundries to produce Apple chips for iPhone, iPad

MALTA, N.Y. -- A deal is in the works for GlobalFoundries to produce chips for Apple's iPhone and iPad at their Malta Fab 8 complex, according to a source close to the deal.

On Monday, GlobalFoundries would not acknowledge or deny that a deal was taking place. Instead, they choose to let clients make announcements if they wish.

But NEWS10 ABC has learned from a source with knowledge of the deal that Samsung electronics will help set up the operation, similar to one already set up in Austin.

While he can't comment on the details, Senator Schumer said "An agreement between these three companies would not only bring Apple and Samsung to New York for the first time, but would also be a huge job magnet in the Capital Region and make our area one of the premier chip fab centers in the world."

And although they would not comment on the deal itself, Mike Russo, who oversees government relations for GlobalFoundries says big things are in store for the future.

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