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GlobalFoundries announces groundbreaking for first Malta fab under U.S.-Japan initiative (GFS:NASDAQ)

GlobalFoundries headquarters in Silicon Valley

Sundry Photography

GlobalFoundries (GFS) announced on Friday the groundbreaking of the first semiconductor fab plant in Malta, New York, under the U.S.-Japan initiative.

GlobalFoundries shares fell 3.5% in late morning trading.

Executives from the U.S. foundry were joined by U.S. and Japanese government officials, state

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