GlobalFoundries to build two new semiconductor fabs in New York with $21B US-Japan investment

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 billion, is expected to start operations by 2029, with a second fab planned to follow. These facilities will significantly boost U.S. semiconductor production capacity, create over 28,000 jobs, and strengthen supply chains critical to industries like automotive and data centers. The project highlights strong U.S.-Japan collaboration and aims to enhance domestic manufacturing and technological innovation in semiconductors.

GlobalFoundries shares rose 3.85% to USD 48.50 on Pluang, showing positive market reaction to the company's expansion plans. The stock's market cap stands at $26.95 billion, with all current orders on Pluang being sells as of Oct 14, 2026 19:42 WIB.