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Japan and US Discuss Multibillion Dollar Semiconductor Factory

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Japan and the United States are discussing plans to build a semiconductor factory under their $550 billion investment agreement, Japan’s Nikkei business daily reported on Thursday.

The proposed plant could cost between 2 trillion yen and 3 trillion yen ($12.85 billion to $19.27 billion) and would be operated by US chipmaker GlobalFoundries, according to the report.

The facility would focus on producing logic semiconductors, which are widely used in computers, vehicles and other advanced technologies.

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