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 the plants, earning fees and licensing income without bearing construction costs. The deal includes a government equity stake and redirected U.S. subsidies, supporting GlobalFoundries' growth in specialty chips for automotive, communication, and data center markets. This capital-light expansion boosts GlobalFoundries' outlook but depends on undisclosed fee details and timely project progress.
GlobalFoundries shares trade at USD 47.39 on Pluang as of Oct 15, 2026 22:02 WIB, down 3.17% for the day and well below their 52-week high of USD 89.96. Despite the recent dip, the stock remains above its 52-week low of USD 32.24, showing a wide range of investor sentiment. The company's market cap stands at $27.28 billion, reflecting significant scale amid the new $21 billion investment news.
