Japan puts up to $21bn into two GlobalFoundries chip fabs in New York
The first GlobalFoundries fab is due online in 2029, and the second depends on demand. The US government’s stake in the chipmaker will rise from 3% to 7%, its CEO says.
Via TNW | Semiconductors
“Right now, the whole industry is in short supply,” GlobalFoundries CEO Tim Breen told Bloomberg.
Japan will put up to $21bn into two new chip factories at GlobalFoundries’ site in Malta, New York, the company announced on 14 October. GlobalFoundries (GF) will run both plants as technology provider and operator. The money comes from Japan’s $550bn investment pledge to the US, made under its trade deal with the Trump administration.
In a separate agreement, the US Commerce Department will receive…
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