As the third U.S. investment under the Japan-U.S. agreement, GlobalFoundries plans to build 2 semiconductor plants in New York. Japan is considering an investment of up to $21 billion, with construction of the first plant targeted to begin this year.
Minister of Economy, Trade and Industry Akazawa expressed Japan's intention to undertake a semiconductor project worth up to $21 billion, or approximately ¥3.3 trillion, as the third U.S. investment agreed in the Japan-U.S. tariff negotiations. The project is positioned as an investment initiative in New York, United States.
GlobalFoundries, a major semiconductor foundry, plans to build 2 plants in New York, with investment from Japan supporting the project.
As an initial step, Japan is expected to invest approximately $10 billion, or about ¥1.6 trillion, in construction of the first plant as part of the project, with construction targeted to begin this year.