Lates News

US Commerce Secretary Lutnick: Announced that thanks to the historic trade agreement reached between U.S. President Trump and Japan, $21 billion will be allocated to build two new semiconductor fabs. This funding is provided by Japan to support the construction of these high-tech production facilities. The U.S. partnership with GlobalFoundries will utilize these two new plants located in upstate New York to produce 2 million silicon wafers, thereby creating 27,000 construction and related jobs, as well as more than 1,000 high-skilled, high-paying manufacturing jobs.