U.S. Takes 7% Stake in GlobalFoundries as Japan Funds $21 Billion Chip Deal

Name: U.S. Takes 7% Stake in GlobalFoundries as Japan Funds $21 Billion Chip Deal
Uploaded: 2026-10-24T16:10:50.684071+00:00
Description: On Oct. 23, 2026, officials detailed a deal in which Japan provides up to $21 billion for two GlobalFoundries fabs in Malta, New York, while the U.S. government raises its stake in the company to about 7%. The arrangement departs from the traditional CHIPS Act model by giving Washington direct equity and profit-sharing rights.

On Oct. 23, 2026, officials detailed a deal in which Japan provides up to $21 billion for two GlobalFoundries fabs in Malta, New York, while the U.S. government raises its stake in the company to about 7%. The arrangement departs from the traditional CHIPS Act model by giving Washington direct equity and profit-sharing rights.

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