It has been decided that Japanese companies will invest approximately ¥3.3 trillion to cover the construction costs of two semiconductor plants to be built in New York State. The total investment will amount to $21 billion and is expected to be funded by Japan, positioning it as part of the Japan-U.S. agreement.
GlobalFoundries announced that it will build two new semiconductor manufacturing plants in New York State. The total construction cost will be $21 billion, or approximately ¥3.3 trillion, and all of the investment funds are expected to be supplied by Japan.
President Trump touted the investment as an achievement of his own policies. He posted on social media that Japan had provided the funding and claimed that investments from Japan, South Korea and Taiwan would be turned into major projects.
The investment is considered part of the investment in the United States agreed between Japan and the United States in exchange for tariff cuts. The new plants in New York State have been reported as a future prospect.