• GlobalFoundries said on 14 October 2026 that Japan will provide the investment for new fabs at its Malta, New York site, with up to $21 billion in funding cited.
• The release cites about $10 billion for the first fab and an additional roughly $10 billion that would fund a second; the first is expected online in 2029.
• The Commerce Department will receive equity in GlobalFoundries of approximately four percent under a separate agreement; the release gives no share count or price.
• GlobalFoundries agreed to reallocate $955 million of its existing CHIPS and Science Act award toward silicon photonics, SiGe and advanced packaging.
• AGBI links the company to Mubadala, but the filing does not mention it, so the effect on Mubadala's holding is unconfirmed.

GlobalFoundries said on 14 October 2026 that Japan will provide the investment for new semiconductor fabs at its Malta, New York site, and that the Commerce Department will receive about four percent equity in the company. AGBI describes the chipmaker as Abu Dhabi-backed and ties it to Mubadala, but the company's filing does not mention Mubadala.

What the release says about funding

The release says Japan will provide the investment, with GlobalFoundries contributing technology and operations. It cites up to $21 billion in funding for the initiative, about $10 billion for the first fab and an additional roughly $10 billion that would fund a second. These are company-stated figures from a filing lodged with the US Securities and Exchange Commission, and the release does not itemise how the $21 billion divides between the two fabs.

Timing and capacity are company targets

GlobalFoundries expects to break ground on the first Malta fab later in 2026, with the fab expected online in 2029, according to the release. It says the first fab is expected to add approximately 900,000 300mm wafers of annual US manufacturing capacity, and a second would add approximately the same amount. The second fab is described as one that would be funded, not as a scheduled build, and the release gives no date for it.

The Commerce stake and the CHIPS reallocation

The release says the US Commerce Department will receive equity in GlobalFoundries of approximately four percent under a separate agreement. It does not give the share count, the price or whether the shares are new, and the sources used here report no GFS share-price reaction, so dilution cannot be quantified. GlobalFoundries also agreed to amend its existing CHIPS and Science Act award to reallocate $955 million toward silicon photonics, SiGe and advanced packaging.

The Mubadala link is unconfirmed

AGBI headlines the project as Mubadala's and calls GlobalFoundries Abu Dhabi-backed, while the SEC filing does not mention Mubadala. No source used here gives Mubadala's current stake, so the effect of a four percent Commerce holding on it is unconfirmed. Gulf allocators tracking sovereign exposure to US-listed holdings would look first for a filing detailing the Commerce share terms, then any ownership update and the groundbreaking. This is not investment advice.