GlobalFoundries tapped to run 2 new chip plants backed by $21 billion from Japan

What happened: Japan will fund two new chip plants at GlobalFoundries' Malta, New York site, and the U.S. Commerce Department will take a roughly 4% equity stake in the company. Key numbers: $21 billion from Japan; roughly 4% U.S. equity stake; two facilities. Why it matters: The arrangement ties foreign and U.S. government backing to GlobalFoundries' New York expansion, with Washington holding an ownership position in the chipmaker. Coverage: 7 outlets in 24h

GlobalFoundries gets $21 billion Japan backing for two new chip plants.

GlobalFoundries gets $21 billion Japan backing for two new chip plants. — impact context not separately stored; see What changed.