Japan funds up to $21 billion of new GlobalFoundries fabs in New York and the US Commerce Department takes a 4% stake

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Two 300mm fabs at Malta under the US-Japan trade agreement, about $10 billion each, roughly 900,000 wafers a year apiece, first fab online in 2029; a separate agreement gives Commerce about 4% of the company's equity.

GlobalFoundries

• Daily brief, October 8th 2026