GlobalFoundries, a major U.S. semiconductor foundry, announced plans to build a new plant in Malta, New York. Japan's investment will total up to $21 billion, with operations targeted to begin in 2029.
GlobalFoundries, a major U.S. semiconductor foundry, announced plans to build a new plant in Malta, New York, funded by Japanese investment under the U.S.-Japan tariff agreement. As the third U.S. investment project, the Japanese investment will total up to $21 billion.
The new plant is scheduled for completion and operations to begin in 2029. GF is reportedly planning to align the site's production capacity with future demand in the U.S. market. The announcement did not provide specific additional figures for production lines or scale.
The project is described as part of GF's expansion of its U.S. manufacturing capacity and is positioned as the third of Japan's investments in the United States to date. GF is reportedly aiming to strengthen supply chains for the U.S. market through the new plant in Malta, New York.