Japan to Invest Up to $21B in GlobalFoundries' New York Fabs

Japan will invest up to $21 billion in two GlobalFoundries semiconductor factories in New York, jointly owned by U.S. and Japanese entities. This is part of a $550 billion Japanese investment package in the U.S. agreed with the Trump administration in exchange for tariff reductions. The investment signals deepening U.S.-Japan semiconductor cooperation and boosts U.S. domestic chip manufacturing capacity.