GlobalFoundries to Open Two New Chip Factories in the US with $21 Billion in Japanese Investment

US semiconductor manufacturer GlobalFoundries plans to build two new chip factories in New York State. The project is expected to be financed through up to $21 billion in Japanese investment.

According to GlobalFoundries, the project, which will be carried out in Malta, New York, is intended to expand semiconductor manufacturing in the United States and strengthen strategic supply chains. The agreement was made possible under a trade and investment deal reached between the United States and Japan.

Approximately $10 billion of the investment is expected to accelerate construction of the first factory, which is scheduled to open in 2029, while another $10 billion is planned to go toward building the second facility.

The company had previously received federal financial support under the Biden administration’s program to expand semiconductor manufacturing. According to Kenneth Craig, a spokesperson for GlobalFoundries, the Japanese investment will make it possible to redirect those federal funds toward other semiconductor development projects.

US President Donald Trump has indicated that the federal government could acquire a stake in GlobalFoundries, as it did in Intel. This approach is part of the administration’s policy of expanding government ownership stakes in private companies.

The rapid development of artificial intelligence technologies and growing demand for computing power from data centers are accelerating investment in the semiconductor market. Taiwan’s leading chipmaker, TSMC, has also announced plans to invest an additional $100 billion to expand its manufacturing capacity in the United States.

GlobalFoundries’ new factories will contribute to expanding domestic chip manufacturing capacity in the United States and strengthening the country’s position in the global semiconductor supply chain.