GlobalFoundries will construct two new semiconductor manufacturing facilities in New York state, supported by $21 billion in funding from Japan. This investment is part of a broader $550 billion commitment by Japan to support U.S. industrial development through 2029.
The first facility is scheduled for completion by 2029, with construction starting before the end of 2026. Japan will provide approximately $10 billion for the first plant, with a similar amount allocated for the second. The project benefits from existing infrastructure in the region.
Once operational, each factory is expected to increase U.S. chip production capacity by approximately 900,000 300mm silicon wafers annually. The construction phase will employ 27,000 people, while the completed plants will create over 1,000 permanent high-skilled jobs.
GlobalFoundries also plans to allocate $955 million from previous subsidies toward silicon photonics and advanced packaging in New York and Vermont. Additionally, the U.S. Department of Commerce will acquire a 4% equity stake in GlobalFoundries as part of the agreement.
Japanese firms Renesas and Tokyo Electron are involved in the project, with Renesas planning to utilize the new capacity and Tokyo Electron providing manufacturing equipment. Apple, Cirrus Logic, and General Motors are identified as potential customers for the future output.
