Japan commits funding for GlobalFoundries New York chip expansion
Japan and the United States have agreed on a semiconductor manufacturing project in New York that could attract up to $21 billion in Japanese investment, with GlobalFoundries selected to operate two new factories. Japan's foreign ministry confirmed on Thursday that the initial project would cost approximately $10 billion, with construction scheduled to begin before the end of 2026. Expansion of…
Japan and the United States have reached an agreement for a semiconductor manufacturing project in New York, potentially attracting up to $21 billion in Japanese investment. GlobalFoundries has been chosen to operate two new factories in the project, scheduled to begin construction by the end of 2026. The initial project will cost around $10 billion, with the possibility of expanding to $21 billion through the addition of a second facility, pending a decision by the end of 2028.
GlobalFoundries will handle the manufacturing technology, technical expertise, and operational management, while Japan will supply the investment capital. The first plant is expected to produce approximately 900,000 silicon wafers measuring 300 millimeters annually when fully operational, with a second plant adding comparable capacity, significantly expanding GlobalFoundries' manufacturing footprint in upstate New York.
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