TechBloomberg1h ago
GlobalFoundries plans to build two "essential chip" plants in Malta
GlobalFoundries plans to build two "essential chip" plants in Malta, New York, backed by up to $21B from Japan; the US will take a 4% stake in GlobalFoundries
TL;DRGlobalFoundries getting $21B from Japan to build two chip plants in New York.
Why it matters: Reduces US chip supply dependence on Taiwan and China; strengthens semiconductor sovereignty.
GlobalFoundries plans to build two “essential chip” plants in Malta, New York, backed by up to $21B from Japan; the US will take a 4% stake in GlobalFoundries — GlobalFoundries Inc. plans to build two new chip plants with the backing of as much as $21 billion from the Japanese government …
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