https://www.live-feeds.com/feed/globalfoundries-to-build-two-chip-plants-with-up-to-21-billion-fundingContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/globalfoundries-to-build-two-chip-plants-with-up-to-21-billion-fundinghttps://www.live-feeds.com/feed/globalfoundries-to-build-two-chip-plants-with-up-to-21-billion-funding#u131203Sun, 18 Oct 2026 08:40:09 +0000GlobalFoundries 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 a