Reuters · October 14, 2026

Japan to Invest Up to $21 Billion in Two New York Chip Factories to Be Operated by GlobalFoundries

• Japan will invest up to $21 billion in two chip factories in New York state that will be jointly owned by the U.S. government and Japanese interests and operated by GlobalFoundries, the company said on Wednesday, according to the report.
• The investment is part of a deal for Japan to invest $550 billion in the United States, under which the U.S. lowered tariffs on Japanese cars and other imports from at least 25% to 15%, according to the report.
• In a separate agreement, the U.S. government will take a 4% stake in GlobalFoundries, bringing its total ownership to about 7%, CEO Tim Breen told Reuters, according to the report.
• Breen said initial customers for the New York factories include Japan's Renesas Electronics and Apple, according to the report.

Company statements attributed to GlobalFoundries and CEO Tim Breen as reported. Original headline: "Japan to invest up to $21 billion in two US chip factories to be run by GlobalFoundries".