U.S. Government Takes a Cut of Chip Business in Japan-Funded Deal NYT - Top Stories By: Ana Swanson 23 October 2026 at 16:59 President Trump’s novel deal-making is on display in upstate New York, where the administration is funneling Japanese funds into a government-owned chip factory. © Cindy Schultz for The New York TimesA GlobalFoundries factory in Malta, N.Y.