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      GlobalFoundries to Invest $21 Billion in New Semiconductor Facilities in New York

      GlobalFoundries, a semiconductor manufacturer, has announced plans to invest $21 billion to construct two new manufacturing facilities in Malta, New York. This significant investment will be funded by Japanese capital and is projected to create approximately 27,000 jobs in construction and supply chains, along with more than 1,000 manufacturing positions.

      In addition to the investment from GlobalFoundries, the U.S. government will contribute $955 million towards advanced chip technologies, raising the total federal investment in the semiconductor sector to $1.63 billion. As part of this agreement, the U.S. government will acquire equity in GlobalFoundries, with the stake valued at over $2 billion.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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