Trump: The U.S. welcomes another massive $21 billion investment.

President Trump stated that under his leadership, GlobalFoundries, together with the U.S. Department of Commerce headed by Lutnick, jointly announced plans to invest $21 billion to build two large-scale semiconductor manufacturing plants in Malta, New York. The project is expected to create 27,000 high-paying construction and supply chain jobs in New York, along with more than 1,000 new high-skilled manufacturing positions. Japan will provide funding for this $21 billion investment. He announced that the United States and GlobalFoundries have reached a new agreement under which U.S. taxpayers will receive an equity stake in GlobalFoundries. The U.S. Department of Commerce will invest $955 million in the fields of silicon photonics, silicon germanium, and advanced packaging. Adding this funding, the total investment reaches $1.63 billion, and the current value of the U.S. government's equity stake has exceeded $2 billion.