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GlobalFoundries to operate two new New York fabs under a U.S.-Japan initiative providing up to $21 billion
GlobalFoundries said it was selected as technology provider and operator for two new fabs at its Malta, New York, site under a U.S.-Japan initiative providing up to $21 billion in funding, with Japan providing the investment. An initial investment of approximately $10 billion will accelerate a new 300mm fab expected to come online in 2029, and an additional approximately $10 billion would fund a second fab. In a separate agreement, the U.S. Department of Commerce will receive equity in GF of approximately four percent.
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President Trump’s agreement with Japan unlocks up to $21 billion investment to expand foundational semiconductor production, support American jobs and strengthen domestic supply chains MALTA, N.Y., Oct. 14, 2026 – GlobalFoundries (Nasdaq: GFS) (GF) today announced it has been selected as the technology provider and operator for two new semiconductor manufacturing facilities (“fabs”) at its Malta, New York, site under a U.S.-Japan initiative providing up to $21 billion in funding. Enabled by President Donald J. Trump’s trade and investment agreement with Japan, the initiative will a…