Politics
Japan to fund $21B deal to expand chip production in New York
The Hill·October 14, 2026·1 min read
Japan is helping fund a $21 billion deal to build two new chip plants in upstate New York, President Trump announced Wednesday. Japan will provide $10 billion to speed construction of a GlobalFoundries semiconductor plant targeting 2029, with another $10 billion toward additional facilities. The investment aims to boost U.S. chip production capacity.
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