UAE-backed GlobalFoundries to run two chip plants under $21bn US-Japan deal
Japan is set to invest up to $21 billion in two chip-production plants in New York state that will be operated jointly by GlobalFoundries and the US government, the semiconductor manufacturer said on Wednesday. In a separate agreement, the Commerce Department will take a 4 per cent equity stake in the company, bringing the US government's stake to 7 per cent, chief executive Tim Breen told…
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