ChipsReutersabout 3 hours ago
Japan invests $21 billion in US chip plants
2 min read
Japan commits up to $21 billion to build two chip factories in New York state operated by GlobalFoundries. This deal fulfills a $550 billion investment pledge by Japan to the US, securing lower tariffs on Japanese cars. The US government takes a 4% stake in GlobalFoundries, raising total ownership to about 7%. Initial customers include Japan's Renesas Electronics and Apple.
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