Trump announces $21B GlobalFoundries New York chip fabs; Commerce to take ~7% stake

President Trump announced a $21 billion investment to build two GlobalFoundries semiconductor fabs in New York, with Japan providing capital under a U.S.-Japan initiative. The Commerce Department will take an additional 4% stake, bringing its total ownership to about 7%. The first $10B fab is expected online in 2029.

Detected & updated continuously · Source: Nebula