Japan to invest $21bn in two GlobalFoundries fabs in New York
What happened
Japan plans to invest up to $21 billion with GlobalFoundries to build two 300mm semiconductor fabs in Malta, New York. An initial investment of approximately $10 billion will accelerate construction of the first 300mm fab, expected to come online in 2029 with an annual capacity of about 900,000 300mm wafers; a second fab would require a further ~$10 billion and provide similar capacity. Together the fabs would add significant new US manufacturing capacity and are expected to create about 27,000 construction and ecosystem jobs and more than 1,000 high-skilled manufacturing jobs in New York’s Capital Region. The investment is part of a US‑Japan deal under which Japan will invest $550 billion in the United States in exchange for the US lowering tariffs on Japanese cars and other imports from at least 25% to 15%. The project remains in the planning stage.
Impact and signal
Affected components and suppliers
Source and time
Source: Electronics Weekly · 10/14/2026 · View original source
Real-time pricing, supply signals and AI analysis for semiconductor traders