Japan to invest up to $21 billion in two US chip factories to be run by GlobalFoundries
The project is expected to create 27,000 construction and ecosystem jobs and more than 1,000 manufacturing jobs, GlobalFoundries said.
- On Wednesday, Japan announced plans to invest up to $21 billion in two new chip factories in New York state, jointly owned by the US government and Japanese interests and operated by GlobalFoundries.
- This project stems from a $550 billion investment deal struck by President Donald Trump's administration last year in exchange for the US lowering tariffs on Japanese cars and other imports from at least 25 per cent to 15 per cent.
- GlobalFoundries CEO Tim Breen confirmed the company will manage operations, with initial customers including Apple and Renesas Electronics, while the US government increases its stake in the chipmaker to about 7 per cent.
- Financial returns will be split evenly between the two countries until a specific threshold is reached, after which 90 per cent of cash flows go to the US, with investment capital flowing back to Japanese toolmakers like Tokyo Electron.
- Breen emphasized the company will prioritize US and Japanese clients, stating, "We will be very open-minded, but we'll definitely engage very much with the Japanese ecosystem because they have great technologies.
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Japan to provide $21 billion to build two semiconductor facilities in New York State. US President Donald Trump announced this on Truth Social. According to Trump, US-based GlobalFoundries and the US Department of Commerce “have announced a $21 billion investment to build two massive semiconductor facilities in Malta, New York.” “Under my leadership, Japan will provide the capital for this $21 billion investment,” the US president noted. He adde…
“REVITALIZE the American Industrial Base” – President Trump Announces $21 Billion Investment In Blue State – 100PercentFedUp.com – by Danielle
President Trump on Wednesday announced a massive $21 billion investment to build semiconductor manufacturing facilities in New York. “Today, under […]
Trump Announces $21 Billion Semiconductor Investment in Upstate New York
MALTA, N.Y. (VINnews) — President Donald Trump announced Wednesday a planned $21 billion investment to build two semiconductor manufacturing facilities in Malta, New York, a project he said would create tens of thousands of construction and supply-chain jobs and strengthen domestic chip production. GlobalFoundries, which operates a major semiconductor manufacturing campus in Malta, confirmed the […]
U.S. President Donald Trump announced plans to build two semiconductor factories in New York State using Japanese investment funds. The investment amounts to up to $21 billion (approximately 28.2 trillion won), with the U.S. foundry (contract semiconductor manufacturing) company GlobalFoundries managing the operations. This project is part of the $550 billion (approximately 738 trillion won) investment plan in the U.S. agreed upon by the U.S. an…
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