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.
22 Articles
22 Articles
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…
GlobalFoundries selected to operate two new semiconductor fabs in Malta under U.S.-Japan initiative
GlobalFoundries announced it has been selected as the technology provider and operator for two new semiconductor manufacturing facilities (“fabs”) at its Malta site under a U.S.-Japan initiative providing up to $21 billion in funding.
Japan will invest up to $21 billion in two semiconductor factories in the State of New York, which will be jointly owned by the United States government and Japanese parties and operated by GlobalFoundries. The manufacturer's shares, around 11:42 a.m. this Wednesday (14), rose 4.82% in Nasdaq, New York, reacting to the news and hoarding over 33% this year. The movement is part of a larger US$550 billion investment package signed by Japan with th…
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