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GlobalFoundries to build two new fabs with $21B US-Japan backing
GlobalFoundries will operate two new semiconductor manufacturing plants in Malta, New York, as part of a U.S.–Japan initiative offering up to $21 billion. Each facility is projected to produce an additional 900,000 300mm wafers annually, with construction of the first fab beginning this year and operation starting in 2029. The company will also redirect $955 million from an existing CHIPS Act grant towards advanced packaging and silicon photonics, and the U.S. Department of Commerce will gain a four percent ownership share in GlobalFoundries.
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