GlobalFoundries to build two chip fabs in New York under U.S.-Japan deal

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Go back to GlobalFoundries to build two chip fabs in New York under U.S.-Japan deal

GlobalFoundries selected to operate two new semiconductor fabs in New York under landmark U.S.-Japan initiative

October 14, 2026 8:30 AM EDT

President Trump's agreement with Japan unlocks up to $21 billion investment to expand foundational semiconductor production, support American jobs and strengthen domestic supply chains

MALTA, N.Y., Oct. 14, 2026 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) today announced it has been selected as the technology provider and operator for two new semiconductor manufacturing facilities (fabs) at its Malta, New York, site under a U.S.-Japan initiative providing up to $21 billion in funding. Enabled by President Donald J. Trump's trade and investment agreement with Japan, the initiative will accelerate trusted semiconductor manufacturing in the United... More