{"id":373526,"date":"2026-10-15T02:32:22","date_gmt":"2026-10-15T02:32:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/373526\/"},"modified":"2026-10-15T02:32:22","modified_gmt":"2026-10-15T02:32:22","slug":"globalfoundries-to-open-2-new-chip-plants-in-new-york-with-21-billion-in-financing-from-japan-3","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/373526\/","title":{"rendered":"GlobalFoundries to open 2 new chip plants in New York with $21 billion in financing from Japan"},"content":{"rendered":"

Global Foundries announces it will build two new semiconductor manufacturing facilities, or fabs, at its site in Malta under an agreement between the U.S. and Japan.<\/p>\n

MALTA, N.Y. (AP) \u2014 Computer chip company GlobalFoundries Inc. said Wednesday it plans to open two factories in Malta, New York, financed by an investment of up to $21 billion from Japan.<\/p>\n

The company said the deal was made possible by the Trump administration\u2019s trade and investment agreement with the Japanese government. It said the initiative will accelerate semiconductor manufacturing in the U.S. and strengthen critical supply chains. <\/p>\n

The company previously received some federal funding to expand as part of a Biden administration<\/a> program to expand chip production. As a result of the investment from Japan, that federal funding will now go to investments in other areas to advance semiconductor manufacturing, GlobalFoundries spokesperson Kenneth Craig said in an email. <\/p>\n

President Donald Trump<\/a> posted on social media that the U.S. government will receive shares in GlobalFoundries, just as it did for Intel Corp<\/a>., in an expansion of the administration\u2019s policy of taking ownership stakes in private companies.<\/p>\n

GlobalFoundries said in a statement that roughly $10 billion would accelerate construction of a chip factory to open in 2029 and the other $10 billion would fund a second plant. <\/p>\n

\"NextPresident Donald Trump boards Air Force One, Tuesday, Oct. 13, 2026, at Joint Base Elmendorf-Richardson, Alaska. (AP Photo\/Alex Brandon)<\/p>\n

Photo: <\/p>\n

Demand for semiconductors has surged in recent years thanks to artificial intelligence<\/a> and the need for computing power at data centers. In July, Taiwan computer chipmaker TSMC said it plans to spend<\/a> another $100 billion on expanding its manufacturing capacity in the U.S. TSMC has been expanding chip fabrication plants in the U.S., Japan<\/a> and Taiwan.<\/p>\n

Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.<\/p>\n","protected":false},"excerpt":{"rendered":"Global Foundries announces it will build two new semiconductor manufacturing facilities, or fabs, at its site in Malta…\n","protected":false},"author":2,"featured_media":373527,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[9,11,10],"class_list":["post-373526","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-new-york","tag-new-york-headlines","tag-new-york-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/373526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=373526"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/373526\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/373527"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=373526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=373526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=373526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}