GlobalFoundries was selected to operate two planned fabs in Malta, New York, under a $21 billion Japanese-funded investment plan.
The announcement separates factory operation from ownership and funding. FinancialJuice reported that GlobalFoundries was selected to operate two new semiconductor fabrication plants, with the factories to be jointly owned by the United States and Japan. President Donald Trump said Japan would provide the $21 billion of capital under an earlier investment agreement.

