GlobalFoundries announces two new New York semiconductor fabs with $21 billion Japanese funding.

GlobalFoundries plans to build two new semiconductor manufacturing facilities in Malta, New York, supported by up to $21 billion from Japan. This U.S.-Japan initiative aims to bolster trusted semiconductor production in the United States, strengthen critical supply chains, and meet increasing demand across automotive, industrial, and connected infrastructure markets. The first 300mm fab is expected to be operational by 2029.