GlobalFoundries to Open Two New Chip Plants in NY with $21B from Japan

• GlobalFoundries Inc. plans to open two new chip-making factories in Malta, New York.
• The project is financed by an investment of up to $21 billion from Japan.
• Japan will provide $10 billion to speed up construction of a semiconductor fabrication plant.
• GlobalFoundries aims to bring the new plants online by 2029.
• President Trump announced the $21 billion deal to expand chip production in New York.