Washington, Oct. 14 (Jiji Press)–U.S. President Donald Trump on Wednesday attributed the selection of a U.S. semiconductor plant construction project for the third batch of Japanese investments in the United States to his “historic” trade deals. The investment deal “is a result of my historic trade deals,” Trump said in a social media post after U.S. semiconductor contract manufacturer GlobalFoundries Inc. said the same day that it would construct two new chip plants in New York as part of investment projects under the bilateral tariff agreement. A total of up to 21 billion dollars will be invested in the construction of the plants. Japanese chipmaking gear maker Tokyo Electron Ltd. is expected to supply chip manufacturing equipment, while Japan’s Renesas Electronics Corp. will also participate in the project. Trump said that the project will create almost 30,000 jobs, as well as help strengthen economic security. “Under my direction, Japan will provide the capital for the 21-billion-dollar investment,” he said. His social media post was likely made to tout the Japanese investments to the United States as his own achievement to his supporters, with U.S. midterm elections set to be held on Nov. 3. With discontent brewing among U.S. citizens, Trump has gone to great lengths to shore up his support. END [Copyright The Jiji Press, Ltd.]
