GlobalFoundries Secures Up to $21 Billion for New US Semiconductor Fabs in US-Japan Partnership

GlobalFoundries plans to construct two new semiconductor manufacturing facilities at its Malta, New York, site, backed by up to $21 billion in funding from a US-Japan partnership. This initiative aims to accelerate trusted semiconductor manufacturing, with an initial investment of approximately $10 billion for a new 300mm fab expected to be operational by 2029. The deal also includes the US taking a 4% stake in GlobalFoundries.