GlobalFoundries ($GFS) Announces $21 Billion U.S.-Japan Chip Manufacturing Deal

Barchart·10/14/2026 18:02:11

GlobalFoundries ($GFS) announced October 14 that it has been selected to operate two new semiconductor manufacturing facilities in Malta, New York, under a U.S.-Japan initiative providing up to $21 billion in funding. Japan will provide the investment under President Donald Trump's trade agreement, while GlobalFoundries will contribute manufacturing technology and operational expertise.

• An initial $10 billion investment will fund a 300mm semiconductor fab expected to begin operations in 2029.
• A second facility would receive approximately $10 billion in additional funding.
• Each fab is expected to add approximately 900,000 wafers in annual manufacturing capacity when fully operational.
• The project is expected to create approximately 27,000 construction and ecosystem jobs and more than 1,000 manufacturing jobs.
• The Commerce Department will receive approximately 4% equity in GlobalFoundries.
• The company also agreed to reallocate $955 million in existing CHIPS Act funding toward silicon photonics, silicon-germanium, and advanced packaging.
• Construction on the first facility is expected to begin later in 2026.

Relevant Companies

• GlobalFoundries ($GFS) - Selected to operate both facilities and expand domestic semiconductor manufacturing.
• Apple ($AAPL) - Existing manufacturing partner that expects to benefit from expanded U.S. chip production.
• Cirrus Logic ($CRUS) - Existing customer gaining access to additional domestic manufacturing capacity.

Editor’s Note: This is a developing story. This article may be updated as more details become available.

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