๐บ๐ธ As a direct result of President Trumpโs U.S.-Japan trade deal, Japan will provide up to $21 BILLION to build two new semiconductor factories in upstate New York.
๐ญ GlobalFoundries will operate the two factories, which will create tens of thousands of high-paying American jobs across manufacturing, construction, and the broader semiconductor industry.
Commerce is also redirecting up to $955 million in existing CHIPS funding to bring critical chip production back to America and reduce our reliance on foreign manufacturers.
This is President Trumpโs trade agenda in action.