Mubadala’s GlobalFoundries, Japan build $21B chip plants
The U.S. government buys 4% stake in GlobalFoundries, reallocates $955 million in incentives toward the company's expansion, modernization
GlobalFoundries
GlobalFoundries headquarters
Mubadala-owned GlobalFoundries is building two chip factories in New York with up to $21 billion in Japanese government backing. At the same time, the U.S. government is buying a roughly 4% stake in GlobalFoundries.
The plants will be...