TLDR Tech / News
GlobalFoundries to build NY chip plants with $21B from Japan
GlobalFoundries is set to construct two new semiconductor manufacturing facilities in upstate New York, supported by as much as $21 billion from the Japanese government. This agreement also involves the U.S. government acquiring a 4% ownership stake in the company. These plants will be located at a site jointly operated by the U.S. and Japan, utilizing funds from Japan's commitment to invest $550 billion in the United States.
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