Japan and the United States are negotiating a proposed U.S. semiconductor plant that could receive ¥2 trillion to ¥3 trillion, or roughly $12.8 billion to $19.3 billion, from Tokyo's $550 billion investment commitment. GlobalFoundries is the prospective operator of the logic-chip facility, though neither government has confirmed an agreement and its location, technology node, financing structure and construction schedule remain unresolved. The talks, held September 14-15, would mark the largest allocation under the framework agreed in July 2025, which reduced U.S. tariffs on Japanese imports, including vehicles, to 15% in exchange for Japanese investment by January 2029. Japan Bank for International Cooperation is expected to be central to the funding structure. The project would shift the investment program more toward semiconductors after about $109 billion of earlier commitments focused on energy and critical minerals.