Japan to fund $21B deal to expand chip production in New York

The Hill - Oct 14, 2026

Japan is helping fund a $21 billion deal to build two new chip plants in upstate New York, President Trump announced Wednesday. The country will provide $10 billion to speed up construction of a semiconductor fabrication plant from GlobalFoundries that the company aims to bring online by 2029, while another $10 billion will go toward...

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Japan to fund $21B deal to expand chip production in New York

More News

Trump adviser sees 'a whole bunch of good news' in inflation report

Netflix laying off 6 percent of its workforce, marking biggest round of job cuts in years

Netflix laying off 6 percent of its workforce, marking biggest round of job cuts in years

Higher Energy Prices Pushed U.S. Inflation Up to 3.7% Ahead of Midterm Elections

Surging Inflation Complicates Trump’s Final Push to Sell Voters on Strong Economy

Social Security COLA set to rise by 3.6 percent in 2027

Gas Prices Are Up 34% From a Year Ago, Adding to Inflation Pressures

Rising Costs Push Necessities Out of Reach for Nearly Half of Americans

Ukraine says SpaceX limiting Starlink operations, impacting air defense

Watch live: Hegseth talks future of autonomous warfare amid leadership shake-ups

Inflation rose to 3.7 percent in September: BLS

IMF chief urges US and wealthy nations to rein in debt to ease global economic pressure

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