GlobalFoundries picked to run two new Malta fabs in $21B U.S.-Japan deal

GlobalFoundries was selected Oct. 14, 2026 to supply technology and operate two new fabs at Malta, New York, under a $21 billion U.S.-Japan initiative, the company said. StreetInsider put the program value at $21 billion. The operator model leaves GlobalFoundries running production without owning the project outright.