Japan and the United States are discussing building a semiconductor plant as part of their $550 billion investment deal, Nikkei reported. The facility would be operated by GlobalFoundries and is estimated to cost between 2 trillion and 3 trillion yen, according to unidentified officials cited by the outlet.
Japan and the U.S. are discussing building a semiconductor factory as part of their $550 billion investment deal, Nikkei reported on Thursday, citing unidentified officials from both countries.
The project is estimated to be worth between 2 trillion and 3 trillion yen, or $12.9 billion to $19.3 billion, and would be operated by GlobalFoundries Inc (NASDAQ: GFS).
Japan agreed last year to invest $550 billion in the U.S. as part of a broader deal to lower tariffs on Japanese exports.
Beyond the semiconductor project, the two sides were seen discussing a slew of other projects under the plan, including a large-scale data center construction involving SoftBank Group.
Source: Investing.com
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