Japan invests $21B in US chip plants
Global Foundries announced that Japan will invest approximately $21 billion to build two semiconductor factories in New York state. These facilities will be jointly owned by the U.S. government and Japanese investors. Construction of the first factory will begin this year, with chip production expected to start in 2029. The plant will have an annual manufacturing capacity of about 900,000 chips and will create over 1,000 jobs. Additionally, the U.S. government’s stake in the company will increase to 7%. This move is part of a $550 billion investment agreement between Japan and the United States aimed at strengthening the semiconductor industry and reducing reliance on imports. Japan’s full investment in these projects aligns with a broader investment plan exceeding $100 billion.
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