GlobalFoundries to Build Two Chip Plants With Up to $21 Billion Funding

GlobalFoundries announced plans to build two semiconductor manufacturing plants in New York, backed by up to $21 billion in funding. The financing includes approximately $20 billion from Japanese partners and additional support from the U.S. CHIPS Act. Simultaneously, the U.S. Commerce Department intends to take a 4% equity stake in GlobalFoundries as part of the arrangement.

The Wall Street Journal Markets reported the initiative as a major expansion of domestic chip production capacity. The project aims to strengthen U.S. semiconductor supply chains and reduce reliance on overseas manufacturing. GlobalFoundries, a leading independent chip foundry, will use the funds to construct advanced fabrication facilities in New York state.

The investment reflects growing strategic interest in securing critical technology infrastructure within the United States. The Commerce Department's stake signals federal confidence in the company's role in national semiconductor strategy.

GlobalFoundries plans to build two new chip plants in New York using up to $20 billion in funding from Japan and the CHIPS Act. The U.S. Commerce Department will take a 4% stake in the company as part of the agreement. This investment marks one of the largest semiconductor manufacturing commitments in the United States in recent years, aiming to boost domestic chip production capacity.

GlobalFoundries plans to build two new chip plants in New York using up to $20 billion in funding from Japan and the CHIPS Act. The U.S. Commerce Department will take a 4% stake in the company as part of the agreement. This investment marks one of the largest semiconductor manufacturing commitments in the United States in recent years, aiming to boost domestic chip production capacity.

GlobalFoundries plans to build two new chip plants in New York using up to $20 billion in funding from Japan and the CHIPS Act. The U.S. Commerce Department will take a 4% stake in the company as part of the agreement. This investment marks one of the largest semiconductor manufacturing commitments in the United States in recent years, aiming to boost domestic chip production capacity.

GlobalFoundries plans to build two new chip plants in New York using up to $20 billion in funding from Japan and the CHIPS Act. The U.S. Commerce Department will take a 4% stake in the company as part of the agreement. This investment marks one of the largest semiconductor manufacturing commitments in the United States in recent years, aiming to boost domestic chip production capacity.

GlobalFoundries plans to build two new chip plants in New York using up to $20 billion in funding from Japan and the CHIPS Act. The U.S. Commerce Department will take a 4% stake in the company as part of the agreement. This investment marks one of the largest semiconductor manufacturing commitments in the United States in recent years, aiming to boost domestic chip production capacity.

GlobalFoundries plans to build two new chip plants in New York using up to $20 billion in funding from Japan and the CHIPS Act. The U.S. Commerce Department will take a 4% stake in the company as part of the agreement. This investment marks one of the largest semiconductor manufacturing commitments in the United States in recent years, aiming to boost domestic chip production capacity.

GlobalFoundries plans to build two new chip plants in New York using up to $20 billion in funding from Japan and the CHIPS Act. The U.S. Commerce Department will take a 4% stake in the company as part of the agreement. This investment marks one of the largest semiconductor manufacturing commitments in the United States in recent years, aiming to boost domestic chip production capacity.

GlobalFoundries plans to build two new chip plants in New York using up to $20 billion in funding from Japan and the CHIPS Act. The U.S. Commerce Department will take a 4% stake in the company as part of the agreement. This investment marks one of the largest semiconductor manufacturing commitments in the United States in recent years, aiming to boost domestic chip production capacity.

GlobalFoundries plans to build two new chip plants in New York using up to $20 billion in funding from Japan and the CHIPS Act. The U.S. Commerce Department will take a 4% stake in the company as part of the agreement. This investment marks one of the largest semiconductor manufacturing commitments in the United States in recent years, aiming to boost domestic chip production capacity.

GlobalFoundries plans to build two new chip plants in New York using up to $20 billion in funding from Japan and the CHIPS Act. The U.S. Commerce Department will take a 4% stake in the company as part of the agreement. This investment marks one of the largest semiconductor manufacturing commitments in the United States in recent years, aiming to boost domestic chip production capacity.

GlobalFoundries plans to build two new chip plants in New York using up to $20 billion in funding from Japan and the CHIPS Act. The U.S. Commerce Department will take a 4% stake in the company as part of the agreement. This investment marks one of the largest semiconductor manufacturing commitments in the United States in recent years, aiming to boost domestic chip production capacity.