TRUMP ANNOUNCES $21 BILLION SEMICONDUCTOR INVESTMENT BY GLOBALFOUNDRIES

TRUMP SAYS GLOBALFOUNDRIES ($GFS ) WILL BUILD TWO NEW SEMICONDUCTOR MANUFACTURING FACILITIES IN MALTA, NEW YORK, FUNDED BY $21 BILLION IN JAPANESE CAPITAL.

THE PROJECT IS EXPECTED TO CREATE 27,000 CONSTRUCTION AND SUPPLY-CHAIN JOBS AND MORE THAN 1,000 MANUFACTURING JOBS.

TRUMP ALSO ANNOUNCED AN ADDITIONAL $955 MILLION FEDERAL INVESTMENT IN ADVANCED CHIP TECHNOLOGIES, BRINGING TOTAL GOVERNMENT INVESTMENT TO $1.63 BILLION.

THE U.S. GOVERNMENT WILL RECEIVE EQUITY IN GLOBALFOUNDRIES, WITH TRUMP VALUING ITS STAKE AT OVER $2 BILLION. ...