This investment is part of a $550 billion investment pledge to the US from Japan. GlobalFoundries will also redirect $955 million of its existing CHIPS Act award toward new chip technology. Shares of GlobalFoundries rose 2.1% in premarket trading following the announcement.
Tuesday, October 20, 2026
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GlobalFoundries Gets $21B from Japan for 2 New York Chip Plants
Tech6 days ago
The US Commerce Department will acquire a 4% stake in GlobalFoundries after the company reached a deal with Japan to build two chip factories in Malta, New York. The project will receive up to $21 billion in funding, with Japan contributing approximately $10 billion per plant to these facilities for essential chips. The first plant will start operations in 2029.
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