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GlobalFoundries Eyes $21B Japan-Backed New York Fab Expansion

Source: marketbeat.com

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GlobalFoundries Eyes $21B Japan-Backed New York Fab Expansion

GlobalFoundries was selected to provide technology and operate two planned 300-millimeter semiconductor fabs at its Malta, New York campus. The projects are covered by an investment framework of up to $21 billion funded by Japan through the U.S.-Japan trade agreement.

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