Japan, U.S. launch $21 bil. chip project to boost economic security

Japan has agreed with the United States on a semiconductor production project worth up to roughly $21 billion in the state of New York as the two countries seek to strengthen their economic security, trade minister Ryosei Akazawa said Thursday.The project will be the third to be launched under a bilateral trade deal reached last year in exchange for tariff relief from the United States.U.S. semiconductor manufacturer GlobalFoundries Inc. announced Wednesday plans to build two new chipmaking facilities in the town of Malta, upstate New York.Japan's Ministry of Economy, Trade and Industry con…READ FULL ARTICLE