🇺🇸 As a direct result of President Trump’s U.S.-Japan trade deal, Japan will provide up to $21 BILLION to build two new semiconductor factories in upstate New York.
🏭 GlobalFoundries will operate the two factories, which will create tens of thousands of high-paying American jobs across manufacturing, construction, and the broader semiconductor industry.
Commerce is also redirecting up to $955 million in existing CHIPS funding to bring critical chip production back to America and reduce our reliance on foreign manufacturers.
This is President Trump’s trade agenda in action.