Japan Invests $21 Billion to Build ‌2 Chip Factories in New York Under Trump Trade Deal

The site will support more than 1,000 highly skilled manufacturing jobs in the state’s semiconductor industry, said New York Gov. Kathy Hochul. Japan will invest up to $21 billion to build two chip factories in New York under a trade agreement with U.S. President Donald Trump, as Washington seeks to expand domestic semiconductor production. They will be jointly owned by the U.S. government and Japanese interests and operated by GlobalFoundries, the company said on Wednesday. Construction of the first factory is scheduled to begin this year, with chip production expected in ⁠2029. GlobalFoundries executives said the partners will decide whether...