Evan(@StockMKTNewz):GLOBALFOUNDRIES $GFS PLANS TWO NEW CHIP PLANTS IN NEW YORK WITH UP TO $20B FROM JAPAN The US Commerce Department will also take about a 4% stake in the company, per WSJ. - Japan invests about $10B per plant, part of its $550B US investment pledge - Both plants go at its Malta, NY site - The first plant is expected online in 2029 - $955M of its existing CHIPS Act award gets moved to new chip tech

Evan

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Evan@StockMKTNewz

2026.10.14 15:04

GLOBALFOUNDRIES $GFS PLANS TWO NEW CHIP PLANTS IN NEW YORK WITH UP TO $20B FROM JAPAN The US Commerce Department will also take about a 4% stake in the company, per WSJ. - Japan invests about $10B per plant, part of its $550B US investment pledge - Both plants go at its Malta, NY site - The first plant is expected online in 2029 - $955M of its existing CHIPS Act award gets moved to new chip tech