U.S. GF announced that it would build and operate 2 semiconductor plants in New York State under the Japan-U.S. investment framework, with investment from the Japanese side totaling up to $21 billion.
On 14 October, U.S. GF formally announced that it would build and operate 2 semiconductor plants in New York State under the Japan-U.S. investment framework. The specific scale of the plants and their start-up dates have not been disclosed at this time.
Under the plan, investment from the Japanese side is expected to total up to $21 billion. Details of the nature of the investment, ownership ratios and operating structure will be disclosed at a later date.
The announcement appears to be based on a framework aimed at strengthening Japan-U.S. semiconductor supply chains and diversifying geopolitical risks. However, apart from the specific location of the plants, details such as other conditions and the scale of job creation have not been provided at this time.