JAPAN INVESTS $21 BILLION TO BUILD ‌2 CHIP FACTORIES IN NEW YORK UNDER TRUMP TRADE DEAL

What happened: Japan will invest up to $21 billion to build two chip factories in New York under a trade agreement with the Trump administration. The plants will be jointly owned by the U.S. government and Japanese interests and operated by GlobalFoundries. Key numbers: Up to $21 billion investment. Part of a $550 billion Japan investment deal. U.S. Why it matters: GlobalFoundries CEO Tim Breen said the initiative accelerates trusted capacity in New York. Commerce Secretary Howard Lutnick said the trade deal is delivering another manufacturing investment into America. Coverage: 6 outlets in 24h

Japan's $21 billion investment builds two New York chip factories under a Trump trade deal.

Japan's $21 billion investment builds two New York chip factories under a Trump trade deal. — impact context not separately stored; see What changed.