GlobalFoundries Plans Two New York Chip Factories Under U.S.-Japan Deal

GlobalFoundries plans to operate two semiconductor factories in Malta, New York, under a U.S.-Japan agreement that could bring up to $21 billion in Japanese funding, with the first facility targeted to begin operations in 2029. The first fab would receive about $10 billion. Another $10 billion could fund a second fab, but that funding has not been confirmed. The $21 billion figure is a potential ceiling, not funding already received. Each factory could add capacity for about 900,000 wafers annually when fully operational, for a combined potential of roughly 1.8 million wafers.

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