Japan plans up to $21 billion for two U.S. chip factories

Summary

Akazawa called a U.S. chip project significant for Japan and the United States’ AI edge, The Japan Times reports. The project involves two new plants planned for New York, with funding of up to $21 billion; the newspaper reports they are to be run by GlobalFoundries.

Timeline

1. The Japan Times

   15 Oct 2026, 01:14 UTCSource ↗

   The Japan Times reports that Japan plans to invest up to $21 billion in two U.S. chip factories to be run by GlobalFoundries.

2. The Japan Times

   15 Oct 2026, 10:23 UTCSource ↗

   The Japan Times reports that Akazawa called the U.S. chip project significant for Japan and the United States’ AI edge, and says two plants are planned for New York with funding of up to $21 billion.