WashingtonThe US now owns nearly 8% of GlobalFoundries.

It is the government’s latest of 35 corporate stakes, from critical minerals to quantum computing.

A vehicle co-owned by the US and Japan will fund two fabs, up to $21 billion, and own them while GlobalFoundries operates for about $3 billion.

The Cato Institute launched a project this week to unwind state ownership.

The first plant is due online in 2029, the second in 2031.

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drawn from 80+ reports worldwide

Aol
reports GlobalFoundries' stake deal as a US-Japan Special Purpose Vehicle that owns the fabs while the company only receives operating fees

Sources: Aol