GlobalFoundries to Build Two Chip Plants With Up to $21 Billion Funding

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1. 2h ago

   GlobalFoundries to Build Two Chip Plants With $21 Billion Funding

   GlobalFoundries has been selected to operate two new semiconductor fabrication plants in New York under a joint U.S.-Japan investment initiative totaling up to $21 billion. The project is part of a broader expansion involving international financing to boost domestic chip production. Additionally, the Department of Commerce reached an agreement with GlobalFoundries to amend an existing CHIPS Program award, reallocating $955 million toward silicon photonics, silicon-germanium, and advanced packaging. The Trump administration also stated that U.S. taxpayers will receive shares in the chipmaker as part of the investment deal, while simultaneously doubling its equity stake in the company.

   Why it matters

   This semiconductor initiative links international funding between the U.S. and Japan to scale up domestic microchip fabrication facilities in Upstate New York. GlobalFoundries plays a central role in manufacturing critical components supported by both foreign capital and federal CHIPS Act funding. The involvement of government equity stakes and redirected grant awards highlights direct public sector intervention in expanding national microelectronics infrastructure.

   What is confirmed

   • GlobalFoundries has been selected to operate two new semiconductor fabs in New York under a U.S.-Japan initiative.
   • Japan is set to invest up to $21 billion in up to two GlobalFoundries chip factories in New York.
   • The Department of Commerce agreed to amend an existing CHIPS Program award to reallocate $955 million to GlobalFoundries.
   • The reallocated funds target investments in silicon photonics, silicon-germanium, and advanced packaging.

   Still unconfirmed

   • U.S. taxpayers will receive shares in the chipmaker from the investment deal, according to statements from Trump.

   What to watch next

   • Finalization of construction timelines and site development for the two New York semiconductor plants
   • Official documentation regarding the increased equity stake held by the U.S. administration in GlobalFoundries
   Sources used for this update (14)

   1. www.cnet.com — 21 of the Best Gifts Under $50 for 2026
   2. WSJ — GlobalFoundries to Build Two Chip Plants With Up to $21 Billion Funding
   3. GlobalFoundries — GlobalFoundries selected to operate two new semiconductor fabs in New York under landmark U.S.-Japan initiative
   4. Reuters — Japan to invest $21 billion in up to two GlobalFoundries chip factories in New York
   5. National Institute of Standards and Technology (.gov) — Department of Commerce Announces Agreement with GlobalFoundries to Amend Its Existing CHIPS Program Award and Reallocate $955 Million to Accelerate Investments in Silicon Photonics, Silicon-Germanium, and Advanced Packaging
   6. The Hill — Japan to fund $21B deal to expand chip production in New York
   7. AP News — GlobalFoundries to open 2 new chip plants in New York with $21 billion in financing from Japan
   8. NewYorkUpstate.com — Company to open 2 chip-making factories in Upstate NY with $21 billion from Japan
   9. Yahoo — US taxpayers to receive shares in chipmaker from investment deal, Trump says
   10. www.marketscreener.com — Global Stocks Fall on Higher Oil Prices, AI Pullback | MarketScreener
   11. Yahoo Finance — Trump administration doubles its equity stake in GlobalFoundries, will partner with company in new semiconductor plant
   12. note.com — Weekly SI & Space News | October 12–18, 2026
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