Lutnick: We are bringing chip manufacturing back to America
Washington, October 22 (Hibya) - US Secretary of Commerce Howard Lutnick announced that $21 billion in financing would be provided for two semiconductor facilities in New York state under the trade agreement with Japan.
US Secretary of Commerce Howard Lutnick said two new semiconductor facilities, financed by Japan in partnership with GlobalFoundries, are expected to produce 2 million silicon wafers.
Lutnick stated that the investment would create 27,000 jobs in construction and related fields, as well as more than 1,000 jobs in highly skilled manufacturing. He said: "We are bringing semiconductor chip manufacturing back to America, strengthening our national security, and supporting American workers."
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