GlobalFoundries rises on $21 billion Japan investment for chip factories
14/10/2026 13:46
BUZZ-GlobalFoundries rises on $21 billion Japan investment for chip factories ** Shares of chip company GlobalFoundries GFS.O rise 5.1% to $49.50 premarket
** Japan to invest up to $21 bln in two New York chip factories, to be jointly owned by US govt and Japanese interests and operated by GFS
** The US to take a stake, but Japan to provide all investment capital
** In a separate deal, the US govt to take 4% stake in GlobalFoundries, bringing its total ownership of the chipmaker to ~7%
** Up to last close, stock had risen 33.7% YTD
(Reporting by Harshita Mary Varghese in Bengaluru)