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Trump administration doubles its equity stake in GlobalFoundries, will partner with company in new semiconductor plant
President Trump and chipmaker GlobalFoundries (GFS) announced a multifaceted series of deals Wednesday, doubling what was already a sizable US government stake in the company, as well as plans for two new semiconductor fabrication plants to be operated by the company and the US and Japanese governments. GlobalFoundries' market capitalization, according to Yahoo Finance data, is about $27.2 billion. Trump said Wednesday the US government's stake is now "worth over 2 Billion Dollars." The deal also includes the formation…
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