GlobalFoundries to open 2 new chip plants in New York with $21 billion in financing from Japan

GlobalFoundries, a computer chip company, announced plans to open two new factories in Malta, New York, with financing of up to $21 billion from Japan. This investment is intended to accelerate semiconductor manufacturing in the U.S. and strengthen critical supply chains. The deal is being facilitated by the Trump administration's trade and investment agreement with the Japanese government.

The remaining $10 billion will fund a second plant. GlobalFoundries spokesperson Kenneth Craig stated that the Japanese investment will now shift federal funding to other areas for advancing semiconductor manufacturing.