Japan to Invest $21B in US Chip Plants

Japan will invest up to 21 billion dollars in two new New York chip factories operated by GlobalFoundries. The project is part of a broader bilateral trade agreement between the United States and Japan.

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FILE PHOTO: Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration//File Photo

Japan will invest up to $21 billion in two New York semiconductor factories operated by GLOBALFOUNDRIES INC. The project is part of a broader $550 billion bilateral trade agreement struck by the United States administration. Securing this capital injection strengthens domestic chip manufacturing capacity while expanding supply chain ties with Asia.

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