Trump says GlobalFoundries will invest $21 billion in building two wafer fabs in New York State.

Former U.S. President Trump announced that GlobalFoundries will invest $21 billion in Malta, New York, to build two large semiconductor manufacturing facilities, with funding to be provided by Japan under a previously reached trade agreement. The project is expected to create 27,000 construction and supply chain jobs, as well as over 1,000 high-skilled manufacturing positions. Trump also announced that the U.S. government will acquire shares in GlobalFoundries, and the Department of Commerce will allocate an additional $95.5 million to the fields of silicon photonics, silicon-germanium, and advanced packaging, bringing the total investment to $163 million. According to reports, the current value of the government's shares has already exceeded $2 billion. In terms of energy, Trump announced the launch of the Alaska LNG project, calling it the largest energy infrastructure project in Alaska's history. Under a previously reached trade and investment agreement, South Korea will invest $50 billion in the project. Trump stated that the project has become a U.S. federal government project, all necessary permits and authorizations have been obtained, and it can proceed immediately.