*Walter Bloomberg
@DeItaone
Joined August 2014
40 Following 2M Followers
TRUMP ANNOUNCES $21 BILLION SEMICONDUCTOR INVESTMENT BY GLOBALFOUNDRIES
Trump says GlobalFoundries ($GFS ) will build two new semiconductor manufacturing facilities in Malta, New York, funded by $21 billion in Japanese capital.
The project is expected to create 27,000 construction and supply-chain jobs and more than 1,000 manufacturing jobs.
Trump also announced an additional $955 million federal investment in advanced chip technologies, bringing total government investment to $1.63 billion.
The U.S. government will receive equity in GlobalFoundries, with Trump valuing its stake at over $2 billion.
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