Japan agreed to invest approximately ¥3.3 trillion in the construction of semiconductor plants in New York State, US. The investment will target 2 new plants on the US side, with the entire amount reportedly funded by Japan.
Japan will invest approximately ¥3.3 trillion in the construction of semiconductor plants in New York State, US, as part of its investment in the United States, with the total amount expected to be funded by Japan. GlobalFoundries is reportedly planning 2 new plants in New York State, US.
The move is said to be proceeding under a framework involving investment and tariff arrangements between Japan and the United States, and construction costs for the plants could reach as much as $21 billion. The timing of the investment and the operating structure remain subject to future announcements.