Trump Japan deal boosts chip investments
Trump's agreement with Japan paves the way for massive investments in the semiconductor industry. Japan will invest approximately $21 billion to build two Silicon chip factories in New York, in collaboration with the U.S. government and Japanese investors. The construction of the first factory is expected to begin this year, with production scheduled to start by 2029. The factory will create over 1,000 jobs and contribute to increasing the production capacity by 900,000 chips annually. Additionally, the U.S. government's stake in Global Foundries will increase to 7%, with Japan making the full capital investment. The goal is to strengthen the electronic chip industry and achieve economic and strategic benefits for both countries.
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