GlobalFoundries will build chip facilities under an investment deal between the United States and Japan, according to Kyodo News.

Japan will invest about $21 billion in up to two chip factories in New York, jointly owned by the US government and Japanese interests and operated by GlobalFoundries, according to Reuters, in a text republished by WHTC. The first factory is expected to add annual US manufacturing capacity of about 900,000 300 mm wafers when fully operational, according to the same report.