It is very doubtful that the factory itself is foreign-owned. It's more likely directly owned by a US corporate entity, and Global Foundries held ownership in t

It is very doubtful that the factory itself is foreign-owned. It's more likely directly owned by a US corporate entity, and Global Foundries held ownership in that entity. In any event, the Defense Production Act does not have an exception if the business is foreign-owned. The President's powers are very broad. The scenario described in TFA is exactly why the Defense Production Act exists, and I am also curious to know why it wouldn't be invoked in this case.