Japan to invest up to $21 billion in two US chip factories to be run by GlobalFoundries

Japan has announced plans to invest up to $21 billion in two new chip factories in New York state, to be jointly owned by the US government and Japanese interests and operated by GlobalFoundries. This investment is part of a broader $550 billion deal struck by the Trump administration last year, which includes a reduction in tariffs on Japanese imports.

The US government will take a 4% stake in GlobalFoundries, bringing its total ownership to about 7%. GlobalFoundries CEO Tim Breen confirmed that the company will manage customer relationships and that initial customers for the New York factories include Japan’s Renesas Electronics and Apple. Breen also highlighted the importance of Japan's chip-manufacturing toolmakers in the supply chain and expressed openness to engaging with the Japanese ecosystem.

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