Japan to invest $21 billion in up to two GlobalFoundries chip factories in New York
Japan will provide $21 billion in financing for GlobalFoundries to build up to two semiconductor fabrication plants in New York. This investment is part of a landmark U.S.-Japan initiative to increase chip production capacity. GlobalFoundries will operate the new facilities to address ongoing industry-wide shortages of semiconductors. Separately, the U.S. Department of Commerce has agreed to reallocate $955 million from an existing CHIPS Program award to GlobalFoundries to speed up investments in advanced packaging, silicon-germanium, and silicon photonics.
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- ✓ Japan is investing $21 billion in up to two GlobalFoundries chip factories in New York.
- ✓ The project is part of a U.S.-Japan initiative.
- ✓ The U.S. Department of Commerce is reallocating $955 million to GlobalFoundries for advanced packaging, silicon-germanium, and silicon photonics.
What changed
Japan committed $21 billion in financing for two new GlobalFoundries fabs in New York.
Live updates
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Japan to invest $21 billion in GlobalFoundries New York chip plants
Japan will provide $21 billion in financing for GlobalFoundries to build up to two semiconductor fabrication plants in New York. This investment is part of a landmark U.S.-Japan initiative to increase chip production capacity. GlobalFoundries will operate the new facilities to address ongoing industry-wide shortages of semiconductors. Separately, the U.S. Department of Commerce has agreed to reallocate $955 million from an existing CHIPS Program award to GlobalFoundries to speed up investments in advanced packaging, silicon-germanium, and silicon photonics.
Why it matters
The global semiconductor industry currently faces significant supply shortages. This partnership strengthens the technological alliance between the U.S. and Japan amid intensifying international technology races.
What is confirmed
- Japan is investing $21 billion in up to two GlobalFoundries chip factories in New York.
- The project is part of a U.S.-Japan initiative.
- The U.S. Department of Commerce is reallocating $955 million to GlobalFoundries for advanced packaging, silicon-germanium, and silicon photonics.
What to watch next
- Construction start dates for the New York facilities
- Details on the specific production capacity of the new fabs
confidence 100%Sources used for this update (13)
- www.japan.travel — Travel Japan - Japan National Tourism Organization (Official...
- thejapantravelblog.com — 17 Best Places to Visit in Japan (And Why They’re Worth...
- www.japan-guide.com — japan-guide.com - Japan Travel and Living Guide
- en.wikipedia.org — Japan - Wikipedia
- en.wikipedia.org — History of Japan - Wikipedia
- www.japan.go.jp — The Government of Japan - JapanGov
- WSJ — GlobalFoundries to Build Two Chip Plants With Up to $21 Billion Funding
- GlobalFoundries — GlobalFoundries selected to operate two new semiconductor fabs in New York under landmark U.S.-Japan initiative
- Reuters — Japan to invest $21 billion in up to two GlobalFoundries chip factories in New York
- 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
- AP News — GlobalFoundries to open 2 new chip plants in New York with $21 billion in financing from Japan
- ground.news — China moves to curb tech exports, including AI, citing national security risks
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