US_ Japan Invests $21 Billion to Build ‌2 Chip Factories in New York Under Trump Trade Deal ( Owen Evans - THE EPOCH TIMES )

THE EPOCH TIMES

Japan Invests $21 Billion to Build ‌2 Chip Factories in New York Under Trump Trade Deal

The site will support more than 1,000 highly skilled manufacturing jobs in the state’s semiconductor industry, said New York Gov. Kathy Hochul.

Semiconductor chips on a circuit board of a computer, in this illustration picture taken on Feb. 25, 2022. Florence Lo /Reuters

Owen Evans
10/15/2026|Updated: 10/15/2026

Japan will invest up to $21 billion to build two chip factories in New York under a trade agreement with U.S. President Donald Trump, as Washington seeks to expand domestic semiconductor production.

They will be jointly owned by the U.S. government and Japanese interests and operated by GlobalFoundries, the company said on Wednesday.

Construction of the first factory is scheduled to begin this year, with chip production expected in ⁠2029. GlobalFoundries executives said the partners will decide whether to build the second factory before the end of 2028.

The initiative was part ‌of a deal struck by the Trump administration last year for Japan to invest $550 ⁠billion in the United States. In return, the United States lowered its import tariff rate on Japanese cars and other imports from a threatened 25 percent to 15 percent.

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READ MORE: https://www.theepochtimes.com/us/japan-invests-21-billion-to-build-2-chip-factories-in-new-york-under-trump-trade-deal-6104230?ea_src=frontpage&ea_med=section-1

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