President Trump announced GlobalFoundries will invest $21 billion to build two large semiconductor fabs in Malta, New York, with funding provided by Japan under a prior trade agreement. The project is expected to create about 27,000 construction and supply‑chain jobs and more than 1,000 high‑skilled manufacturing roles. The administration said the U.S. government will take an equity stake in GlobalFoundries; the Commerce Department will add $955 million for silicon photonics, SiGe and advanced p

President Trump announced GlobalFoundries will invest $21 billion to build two large semiconductor fabs in Malta, New York, with funding provided by Japan under a prior trade agreement. The project is expected to create about 27,000 construction and supply‑chain jobs and more than 1,000 high‑skilled manufacturing roles. The administration said the U.S. government will take an equity stake in GlobalFoundries; the Commerce Department will add $955 million for silicon photonics, SiGe and advanced packaging, bringing total Commerce investment to $1.63 billion, and the government’s stake is said to exceed $2 billion. Trump also announced the launch of the Alaska LNG (AlaskaLNG) project, described as Alaska’s largest-ever energy infrastructure project; under an earlier trade and investment deal, South Korea will invest $50 billion. He said the project is now a federal government project, all required permits and authorizations are in place, and work can proceed immediately.