GlobalFoundries Gets Up to $21 Billion From Japan for Two Plants, US Takes 4% Stake

GlobalFoundries plans to build two new chip plants backed by as much as $21 billion from the Japanese government. The arrangement also includes the US taking a 4% stake in the company.

• Japan will provide GlobalFoundries up to $21 billion for two new chip plants
• The US will take a 4% stake in GlobalFoundries as part of the deal
• The arrangement is structured as a US-Japan chip manufacturing partnership