The U.S. announced $21 billion in Japanese funding for two planned GlobalFoundries semiconductor fabs in upstate New York.

U.S. Commerce Secretary Howard Lutnick announced $21 billion in funding from Japan for two new semiconductor fabrication plants. He linked the funding to the U.S.–Japan trade agreement and identified GlobalFoundries as the manufacturing partner.

The planned facilities are located in upstate New York. Lutnick’s statement describes production of 2 million silicon wafers, but the supplied report provides no time period for that figure, so it cannot be characterized as annual capacity.

The announcement projects 27,000 construction and related jobs and more than 1,000 highly skilled manufacturing jobs. These are announced project outcomes, not existing employment figures; the source does not provide disbursement conditions, process-node specifications, or construction and production-start dates.