GlobalFoundries to Supply TSMC With US-Made Chip Packaging in $2B Deal

The Nasdaq Composite fell 1.88% to 26,692.87 on October 14, 2026, driven by higher-than-expected inflation data and a warning from ASML about semiconductor demand. Key tech stocks like AMD, Micron, and Nvidia declined, while Apple rose 0.3%. The index is now 3.7% below its 52-week high.

Japan will invest $21 billion in two U.S. semiconductor plants for GlobalFoundries, part of a $550 billion investment pledge. The plants, in Malta, New York, will produce chips for autos, industrial equipment, and telecommunications. Construction begins this year, with operations starting in 2029. The U.S. government will take a 4% stake in GlobalFoundries, which saw its shares rise 4.8% on the news.

GlobalFoundries (GFS) plans to build two semiconductor plants in New York with $21B in Japanese funding. The company's stock is trading at a 6.1% premium to its intrinsic value, with a P/E ratio of 38.2x. Insiders have sold $3.8M in shares over the past year, while the GF Score™ stands at 84/100.

GlobalFoundries will operate two new semiconductor fabs in New York, funded by a $21B U.S.-Japan initiative. The first fab, with a $10B investment, will start production in 2029. GF also reallocated $955M from its CHIPS Act award for advanced tech. The U.S. government will receive a 4% equity stake. GF ranked fifth among global foundries in 2025.

GlobalFoundries plans to build two semiconductor fabs in New York, backed by up to $21B in Japanese financing. The first plant is set to open in 2029, with the second funded by the remaining $10B. The investment is supported by a U.S.-Japan trade agreement, and the U.S. government will receive shares in GlobalFoundries. The company's stock price increased by 4.52% to $48.81.

GlobalFoundries (GFS) announced plans to build two semiconductor fabs in New York, backed by up to $21B in Japanese financing. Approximately $10B will fund construction, with the rest covering equipment and operations.