Japan to invest up to $21 billion in GlobalFoundries chip manufacturing facilities in New York

Japan is funding two new semiconductor manufacturing plants operated by GlobalFoundries in upstate New York under a landmark U.S.-Japan partnership announced October 14, 2026, as part of a broader $550 billion Japanese investment commitment to the American economy. Under the arrangement, Japan will provide up to $21 billion across the two facilities while the U.S. Commerce Department will acquire a 4 percent equity stake in GlobalFoundries, bringing total U.S. government ownership to 7 percent.