Trump Announces $21 Billion Japanese-Funded Plan for Two GlobalFoundries Chip Plants in New York
JH Kim
Summary
- President Donald Trump announced an investment plan to build two semiconductor plants in New York state with $21 billion in Japanese funding.
- GlobalFoundries said it will build two semiconductor plants in Malta, New York, with a total of $21 billion in Japanese capital going into the project.
- The semiconductor plant project is expected to create about 27,000 jobs in construction and the supply chain, as well as more than 1,000 jobs in manufacturing.
Forecast Trend Report by Period
President Donald Trump announced a $21 billion investment plan, backed by Japanese capital, to build two semiconductor plants in New York state.
Cointelegraph, a media outlet focused on cryptocurrencies, reported on October 14 that Trump said contract chipmaker GlobalFoundries plans to build two semiconductor plants in Malta, New York. The total investment is $21 billion, with Japanese funding backing the project.
The project is projected to create about 27,000 jobs in construction and the supply chain.
It will also create more than 1,000 manufacturing jobs.
JH Kim
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