GlobalFoundries (GFS) Shares Surge as U.S. Takes New Equity Stake

TLDR GlobalFoundries shares climbed approximately 4.5% after announcing a U.S.-Japan chip manufacturing agreement. Japan could provide up to $21 billion to finance two semiconductor factories in Malta, New York. The first facility targets operations in 2029, while funding for the second factory remains unconfirmed. Both factories could add a combined 1.8 million wafers in annual [...]

The post GlobalFoundries (GFS) Shares Surge as U.S. Takes New Equity Stake appeared first on Blockonomi.