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Japan to Invest $21 Billion in GlobalFoundries Chip Plants in New York
According to Reuters, Japan will invest approximately $21 billion in chip manufacturing facilities in New York to be operated by GlobalFoundries, with the U.S. government and Japanese interests holding joint ownership. This investment is part of a broader $550 billion U.S.-Japan economic agreement, under which U.S. tariffs on Japanese automobiles and other imports will decrease from at least 25% to 15%. Construction of the first plant is scheduled to begin in 2026, with production expected to co
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