GlobalFoundries shares fell over 5% following a US-Japan manufacturing deal involving up to $21 billion investment to build two semiconductor factories in New York. The Trump administration plans to increase its stake in the company from 3% to 7%. The deal strengthens US chip production with factories starting construction this year and production by 2029. However, the investment is mainly infrastructure funded by Japan, with GlobalFoundries earning management fees. Shares also declined due to broader tech sector weakness amid inflation concerns and challenges like smartphone revenue drops and high capital expenditure.
GlobalFoundries has a market cap of $27.28 billion and a dividend yield of 0.98% as of Oct 15, 2026, 22:11 WIB on Pluang. Despite the recent US-Japan manufacturing deal news, the stock price on Pluang is down 3.25% at USD 47.35, with a volume of 13,755,528 shares traded. The order activity is fairly balanced with 48% selling and 52% buying, indicating mixed investor sentiment at this time.
Japan is funding up to $21 billion to build two new semiconductor factories in New York, operated by GlobalFoundries. The first plant is expected to be operational by 2029, with the second also planned. GlobalFoundries will provide technology and run...
GlobalFoundries has been chosen to operate two new semiconductor manufacturing plants in Malta, New York, backed by a $21 billion investment from a U.S.-Japan initiative under President Trump's trade agreement. The first fab, costing about $10 billio...
