StocksMedium•14 October 2026•
1 min read
GlobalFoundries Selected to Operate New New York Fabs Under $21B U.S.-Japan Deal
Key Facts
1GlobalFoundries was selected to operate two new semiconductor fabs in New York under a joint U.S.-Japan initiative.
2The agreement between President Trump and Japan aims to unlock up to $21 billion in investment for the semiconductor sector.
GlobalFoundries was selected to operate two new semiconductor fabrication plants in New York under a joint U.S.-Japan initiative. GlobeNewswire reported that the agreement between President Donald Trump and Japan aims to unlock up to $21 billion in investment for the semiconductor sector.
The industrial initiative is designed to expand foundational semiconductor production and strengthen domestic supply chains within the United States. This expansion seeks to support American manufacturing jobs through international cooperation as the industry moves to secure advanced technological capacity.