GlobalFoundries plans two New York chip plants with up to $21 billion in Japanese funding as US takes equity stake
GlobalFoundries will construct two new semiconductor manufacturing facilities in Malta, New York, backed by up to $21 billion in capital from Japan and an agreement giving the U.S. government an equity stake in the company.
GlobalFoundries is preparing to build two new semiconductor manufacturing plants in Malta, New York, funded by up to $21 billion in Japanese capital, according to reports from Bloomberg and an announcement by President Donald Trump. Under the arrangement, the U.S. government will take an equity stake in GlobalFoundries of approximately 4%.[1][3][4][5]
Announcing the initiative alongside Commerce Secretary Howard Lutnick, Trump stated that the project will generate 27,000 construction and supply-chain jobs and more than 1,000 manufacturing jobs. Trump valued the U.S. government's equity stake at over $2 billion and announced an additional $955 million federal investment in advanced chip technologies, bringing total government backing to $1.63 billion.[1][3]
According to reporting by The Wall Street Journal, the Japanese financing will provide around $10 billion per plant—totaling up to $20 billion—as part of Japan's broader $550 billion U.S. investment pledge. The report also noted that $955 million of GlobalFoundries' existing CHIPS Act allocation will be shifted toward new chip technology, with the first facility expected to go online in 2029.[7]
Key facts
- GlobalFoundries plans to build two new semiconductor manufacturing facilities in Malta, New York, supported by up to $21 billion from Japan.
- The U.S. Commerce Department will take about a 4% equity stake in GlobalFoundries, which President Trump valued at over $2 billion.
- President Trump and Commerce Secretary Howard Lutnick announced the project, projecting it will create 27,000 construction and supply-chain jobs and more than 1,000 manufacturing jobs.
- Trump stated an additional $955 million federal investment in advanced chip technologies brings total U.S. government investment to $1.63 billion.
- The Wall Street Journal reported that Japan will invest up to $20 billion ($10 billion per plant) under its $550 billion U.S. pledge, with the first facility expected to open in 2029.
Sources · 7 sources
- *B
*Walter Bloomberg@DeItaonePost on X ·
TRUMP ANNOUNCES $21 BILLION SEMICONDUCTOR INVESTMENT BY GLOBALFOUNDRIES Trump says GlobalFoundries ($GFS ) will build two new semiconductor manufacturing facilities in Malta, New York, funded by $21 billion in Japanese capital. The project is expected to create 27,000 construction and supply-chain jobs and more than 1,000 manufacturing jobs. Trump also announced an additional $955 million federal investment in advanced chip technologies, bringing total government investment to $1.63 billion. The U.S. government will receive equity in GlobalFoundries, with Trump valuing its stake at over $2 billion.
Open source - AG
AGTP@AGTPinsightsPost on X ·
BREAKING: Japan to invest up to $21 billion in two US chip factories, which will be run by GlobalFoundries. https://t.co/ZSn7KWIlbO
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🚨 NEW: President Trump announced a $21 billion Japanese-funded GlobalFoundries investment to build two semiconductor factories in Malta, New York, expected to create 27,000 construction and supply chain jobs and over 1,000 manufacturing jobs. https://t.co/QzohYBQb1q
Open source - BL
Bloomberg@businessPost on X ·
GlobalFoundries plans to build two new chip plants with the backing of as much as $21 billion from the Japanese government, part of an arrangement that also includes the US taking a 4% stake in the company. https://t.co/udZWwPOMw9
Open source - TE
Techmeme@TechmemePost on X ·
GlobalFoundries plans to build two "essential chip" plants in Malta, New York, backed by up to $21B from Japan; the US will take a 4% stake in GlobalFoundries (Bloomberg) (Visit Techmeme dot com for the link and full context!)
Open source - NA
Nikkei Asia@NikkeiAsiaPost on X ·
Japan to invest up to $21bn in two US chip factories to be run by GlobalFoundries https://t.co/VGX8ztUyHC
Open source - EV
Evan@StockMKTNewzPost on X ·
GLOBALFOUNDRIES $GFS PLANS TWO NEW CHIP PLANTS IN NEW YORK WITH UP TO $20B FROM JAPAN The US Commerce Department will also take about a 4% stake in the company, per WSJ. - Japan invests about $10B per plant, part of its $550B US investment pledge - Both plants go at its Malta, NY site - The first plant is expected online in 2029 - $955M of its existing CHIPS Act award gets moved to new chip tech
Open source