TRUMP ADMINISTRATION DOUBLES ITS EQUITY STAKE IN GLOBALFOUNDRIES , WILL PARTNER WITH COMPANY IN NEW SEMICONDUCTOR PLANT

What happened: The Trump administration doubled its equity stake in GlobalFoundries ($GFS) and announced two new semiconductor fabrication plants to be operated by the company with US and Japanese government involvement. Key numbers: Government stake now approaching 8%, with an Why it matters: The deal expands the US government's equity stakes in private companies, now spanning 35 companies. GlobalFoundries will be compensated about $3 billion over the coming decade for operating the facilities. The move drew criticism from advocates of smaller government, including some Republicans.

Trump administration doubles equity stake in GlobalFoundries and partners on new semiconductor plant.

Trump administration doubles equity stake in GlobalFoundries and partners on new semiconductor plant. — impact context not separately stored; see What changed.