GlobalFoundries and the U.S. Commerce Dept have finalized a $21B semiconductor deal for Malta, New York: - 2 new fabs funded by Japanese capital - ~27K construction and ecosystem jobs plus 1,000+ manufacturing roles - $955M in CHIPS funding allocated to silicon photonics and packaging - U.S. takes a ~4% equity stake valued at ~$2B In the AI race, raw compute is useless without optical interconnects, these fabs build the silicon photonics needed to stop massive AI data clusters from melting under bandwidth and power bottlenecks.