Japan to Invest Up to $21 Billion in New GlobalFoundries Semiconductor Fabs in the U.S.

Japan and the United States have agreed to implement a semiconductor manufacturing project under their Strategic Investment Initiative, with Japan committing up to $21 billion for two new GlobalFoundries chip factories in New York State. This marks Japan's first significant investment in U.S. semiconductor manufacturing, aiming to build a resilient semiconductor supply chain and expand the production capacity of mature-node semiconductors crucial for various applications, including automobiles and industrial machinery.