Japan to invest up to $21 billion in two US chip factories to be run by GlobalFoundries
Japan will invest up to $21 billion in two chip factories in New York state that will be jointly owned by the US government and Japanese interests and operated by GlobalFoundries, the company said on Wednesday.
Shares of the Malta, New York-based company rose nearly 5% in premarket trading. As of last close, the stock had gained more than 33% so far this year.
