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GlobalFoundries selected to operate new semiconductor facility in New York State via US-Japan initiative

Investing.com +3 ·

GFS GlobalFoundries Inc
$46.70 -3.39%
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  1. 1GlobalFoundries shares rose approximately 5% in pre-market trading on Wednesday.
  2. 2An initial investment of approximately $10 billion will be deployed to construct a new 300mm semiconductor fab.
  3. 3Approximately $10 billion in funding for the second fab will be provided as part of the $21 billion US-Japan initiative's largest funding package.

So what's the key point?

GlobalFoundries has been chosen to build a new semiconductor factory in New York State. The stock price rose about 5% following the decision to invest approximately $10 billion.

Source Investing.com +3 · View original ↗

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