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Japan Will Pay Up to $21 Billion for Two New Fabs in Upstate New York. GlobalFoundries Will Run Them, and Washington Will Own About 4 Per Cent of the Company.

GlobalFoundries said on Wednesday 14 October that it will be the technology provider and operator for two new chip plants at its Malta, New York site, funded by up to $21 billion from Japan under the U.S.-Japan trade agreement. The first fab is expected to come online in 2029. In a separate agreement, the Commerce Department will take about 4 per cent of the company.

By Alison Acosta · October 15, 2026

World

There Are 30% Fewer Japanese Companies in China Than in 2012. Those That Stay Still Make Things There, but Fewer Count on Selling There.

Teikoku Databank counted 10,118 Japanese companies with a presence in mainland China in June, down 22 per cent in two years and 30 per cent from the 2012 peak. A record 4,137 left or could no longer be traced. Among those that remain, China's standing as a production base has slipped only a little since 2019. Its standing as a market has collapsed.

By Alison Acosta · October 5, 2026

World

Japan Spent Thirty Years Not Importing Workers, and Is Quietly Reversing

A country that built its post-war labour model on not relying on foreign workers now depends on them in the industries that keep it running. The policy has changed less than the practice.

By Thomas Gutierrez · August 29, 2026