GlobalFoundries Stock Rises 4% On Selection In US-Japan Semiconductor Manufacturing Initiative

GlobalFoundries plans a $21B New York fab expansion backed by Japan, aiming to reduce U.S. reliance on overseas semiconductor supply. The project, expected to begin operations in 2029, will generate $50M in revenue in 2027, with long-term financial benefits. The U.S. Department of Commerce will repurpose $955M in CHIPS funding and take a 4% equity stake in the company.

GlobalFoundries (GFS) announced a $21B investment in two new semiconductor plants in Malta, NY, supported by U.S. government funding. The company's stock is trading at $48.87, slightly above its GF Value™ of $46.14, with a GF Score™ of 84/100. Insiders have sold $3.8M in shares over the past year.

GlobalFoundries (GF) will build two semiconductor fabs in Malta, NY, with up to $21B in U.S.-Japan funding. The first $10B fab, starting construction this year, will add 900,000 wafers/year capacity by 2029. The project, part of a Trump-era trade agreement, will create 27,000 jobs. GF also reallocated $955M from its CHIPS Act award for other tech investments, with the U.S. gaining 4% equity.

GlobalFoundries will operate two new semiconductor fabs under a $21B US-Japan initiative, adding 1.8M 300mm wafers annually by 2029. Initial $10B investment for the first fab, with 27K jobs created. Customers include Renesas and Apple. US Commerce Dept. gains 4% equity, totaling 7%. $955M reallocated for silicon photonics, SiGe, and advanced packaging. Project aims to strengthen US-Japan supply chains and semiconductor production.

GlobalFoundries will receive up to $21B in funding from a U.S.-Japan initiative to build two semiconductor fabs in Malta, NY. The investment includes $10B for a new fab expected to start operations in 2029, adding 900,000 300mm wafers of annual capacity. The project is expected to create 27,000 jobs and the U.S. Department of Commerce will receive 4% equity in the company.

GlobalFoundries (NASDAQ:GFS) stock rose Wednesday after announcing plans to operate two new semiconductor fabs in New York with up to $21 billion in U.S.-Japan funding. The initiative, with Japan providing funding and GlobalFoundries offering technology, aims to add significant U.S. production capacity. The company expects to break ground on the first fab later this year, with operations starting in 2029. The project could create around 27,000 jobs.