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GlobalFoundries to construct two new chip factories in New York
GlobalFoundries will build and manage two new semiconductor fabrication plants in Malta, New York, as part of a $21 billion US-Japan collaboration. Japan is providing the funding, with $10 billion initially for a 300mm fab opening in 2029, and another $10 billion for a second facility. Additionally, GlobalFoundries adjusted its CHIPS and Science Act award from the US Department of Commerce, redirecting $995 million towards silicon photonics, silicon-germanium, and advanced packaging technologies.
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