The two factories will be jointly owned by the US and Japan, with Tokyo providing roughly $10 billion per plant as part of a broader $550 billion investment pledge to the United States. The first facility is scheduled to start operations in 2029. Shares of GlobalFoundries rose 2.1% in premarket trading following the announcement.
Tuesday, October 20, 2026
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US Government Boosts GlobalFoundries Stake to 7% in $21B Japan Chip Deal
Tech6 days ago
The Commerce Department is acquiring additional equity in a chipmaker to facilitate the creation of 28,000 total roles in upstate New York. President Donald Trump announced that the US government will now own approximately 7% of GlobalFoundries as part of a $21 billion investment funded by Japan to build two new semiconductor facilities in Malta, New York. Trump values the US government's equity at over $2 billion, while GlobalFoundries expects about $3 billion in adjusted free cash flow from the arrangement over the long term. The total US government investment in the firm reaches $1.63 billion, including $955 million in redirected funds for advanced chip technology.
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