Japan to Fund Two New US Chip Fabs in New York, Operated by GlobalFoundries

Japan will finance up to $21 billion for new semiconductor manufacturing capacity in the United States, with GlobalFoundries (GF) selected to build and operate two new fabs at its Malta, New York, site. An initial investment of approximately $10 billion will fund a new 300mm fab expected online in 2029, adding about 900,000 wafers annually. A second investment of similar size would fund a second fab. This initiative, made possible by a U.S.-Japan trade and investment agreement, aims to reduce U.S. dependence on foreign robotics technology and manufacturing.