BUZZ - Japan invests $21 billion in chip factories, GlobalFoundries shares rise

October 14 - ** The chip company GlobalFoundries (GFS.O) saw its share price rise by 5.1% in pre-market trading, reaching $49.50

** Japan will (link) invest up to $21 billion in two chip factories located in New York, which will be jointly owned by the US government and Japanese investors and operated by GFS

** The US will hold a portion of the equity, but all investment funds will be provided by Japan

** In another deal, the US government will hold a 4% stake in GlobalFoundries, bringing its total ownership in the chipmaker to about 7%

** As of the previous trading day's close, the stock had risen 33.7% so far this year

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