A major semiconductor manufacturing push is underway in upstate New York, as Japan commits billions to accelerate the construction of two cutting-edge chip plants. The investment—part of a broader effort to bolster domestic semiconductor production—will support a fabrication facility by GlobalFoundries, with plans to have it operational within the next decade. The funding is part of a broader strategy to strengthen supply chains and reduce reliance on overseas production amid global tech competition. Details on the second $10 billion allocation remain under discussion, but the move signals deepening collaboration between the U.S. and Japan in advanced manufacturing.
Japan is helping fund a $21 billion deal to build two new chip plants in upstate New York, President Trump announced Wednesday. The country will provide $10 billion to speed up construction of a semiconductor fabrication plant from GlobalFoundries that the company aims to bring online by 2029, while another $10 billion will go toward...
