BUZZ — GlobalFoundries rises on $21 billion Japan investment for chip factories

* Shares of chip company GlobalFoundries rise 5.1% to $49.50 premarket * Japan to invest up to $21 bln in two New York chip factories, to be jointly owned by US govt and Japanese interests and operated by GFS * The US to take a stake, but Japan to provide all investment capital * In a separate deal, the US govt to take 4% stake in GlobalFoundries, bringing its total ownership of the chipmaker to ~7% * Up to last close, stock had risen 33.7% YTD (Reporting by Harshita Mary Varghese in Bengaluru) ((HarshitaMary.Varghese@thomsonreuters.com)