GlobalFoundries initially rose 6.3% against the trend, with the U.S. government set to take a roughly 4% stake, and the Japanese government pledging $21 billion.

October 14, according to BIT(bit.com) market data, US semiconductor stock Global Foundries (GFS) rose 6.3% against the trend at the beginning of the session.

On the news front, Global Foundries plans to build two new chip factories in New York State, with the Japanese government providing up to $21 billion in funding support. As part of the agreement, the US government will also acquire approximately 4% equity in Global Foundries.