Globalfoundries: Japan pays $21 billion for two US chip factories
In a deal with Trump, Japan has pledged billions of dollars in investment to the US. North of New York, the Japanese government now wants to participate in two new chip factories.
Globalfoundries, a US contract manufacturer, plans to build two new chip factories in northern New York state. The Japanese government will provide up to $21 billion for the project, which will be jointly owned by the US and Japan, with the US taking a 4% stake in the company. The investment is part of a larger pledge by Japan to invest over $550 billion in the US.
The factories will produce less complex semiconductors used in vehicles, industrial equipment, and communication technology, amid a global shortage of essential chips.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
