started · updated
GlobalFoundries to build two NY chip plants with $21B Japanese investment
GlobalFoundries has been selected to build and operate two new semiconductor manufacturing facilities in Malta, New York, as part of a major US-Japan trade and investment initiative. The project is expected to be financed by up to $21 billion in capital provided by Japan. The first facility, a 300mm fab, is slated to begin operations in 2029 with an initial $10 billion investment, while a second $10 billion investment is planned for a subsequent facility.
The expansion is projected to create approximately 27,000 construction and supply-chain jobs and over 1,000 highly skilled manufacturing roles. As part of the agreement, the US Department of Commerce will acquire an equity stake of approximately 4% in GlobalFoundries. Additionally, the company will redirect $955 million from existing CHIPS Act funding toward advanced packaging and silicon photonics technologies.
In Europe, GlobalFoundries is also expanding its Dresden, Germany facility through the SPRINT project. This €1.1 billion expansion aims to increase annual capacity to over 1 million 300mm wafers by 2028 and will focus on mass-producing the next-generation FDX Fusion FD-SOI platform for Physical AI applications.
Entities
Donald Trump · Dresden · Dresden, Germany · GlobalFoundries · Japan · Malta, New York · U.S. Department of Commerce · United States Department of Commerce
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 17 SOURCES] The New York project will be financed by up to $21 billion from Japan. paratic.com · novini247.com · vinnews.com · evertiq.com · wnyt.com · +12 more
- [● 13 SOURCES] The U.S. government will receive an equity stake of approximately 4% in GlobalFoundries. paratic.com · evertiq.com · wnyt.com · www.independent.co.uk · novini247.com · +7 more
- [● 17 SOURCES] GlobalFoundries plans to open two semiconductor factories in Malta, New York. paratic.com · novini247.com · vinnews.com · evertiq.com · wnyt.com · +12 more
- [● 2 SOURCES] The Dresden expansion aims to increase annual capacity to over 1 million 300mm wafers by 2028. global-net.co.jp · www.elektronikpraxis.de
- [● 14 SOURCES] The first New York facility is expected to begin operations in 2029. vinnews.com · evertiq.com · wnyt.com · www.independent.co.uk · offthepress.com · +9 more
- [● 7 SOURCES] The New York project is expected to create 27,000 construction and supply-chain jobs. paratic.com · vinnews.com · offthepress.com · www.fnn.jp · www.electronicsforyou.biz · +2 more
- [● 2 SOURCES] The company plans to mass-produce its FDX Fusion platform in Dresden by 2028. global-net.co.jp · www.elektronikpraxis.de
- [● 2 SOURCES] GlobalFoundries is investing 1.1 billion euros to expand its Dresden, Germany facility. global-net.co.jp · www.elektronikpraxis.de