GlobalFoundries rises on $21 billion Japan investment for chip factories
GFS•GlobalFoundries shares rose 5.1% premarket after Japan said it would invest up to $21 billion in two New York chip factories operated by the company. Separately, the U.S. government will take a 4% stake in GlobalFoundries, bringing its total ownership to about 7%.
1. Investment and ownership
Japan will invest up to $21 billion in two New York chip factories jointly owned by the U.S. government and Japanese interests and operated by GlobalFoundries. In a separate deal, the U.S. government will take a 4% stake in GlobalFoundries, bringing its total ownership to about 7%; Japan will provide all investment capital for the factories.
