Singapore gets $4 billion semiconductor fabrication plant

Robert Besser
16 Sep 2023, 13:18 GMT+10

As part of its major international manufacturing expansion, GlobalFoundries, the world's third-largest contract chipmaker, launched a semiconductor fabrication plant in Singapore this week
Tan Yew Kong, the U.S. chipmaker's general manager in Singapore, said the new 248,000-square foot facility can produce 450,000 300 millimeter wafers annually at full capacity
The company expects weak global demand for chips to pick up by the second half of 2024, he added

SINGAPORE: As part of its major international manufacturing expansion, GlobalFoundries, the world's third-largest contract chipmaker, launched a semiconductor fabrication plant in Singapore this week.

Tan Yew Kong, the U.S. chipmaker's general manager in Singapore, said the new 248,000-square foot facility, which costs US$4 billion, can produce 450,000 300 millimeter wafers annually at full capacity, expected by 2025 to 2026, and will create 1,000 jobs.

"If we run the Singapore campus' capacity to the fullest, that will probably be around 45 percent of revenue for GlobalFoundries," he said.

The company expects weak global demand for chips to pick up by the second half of 2024, he added.

The company's Singapore operations will serve 200 international clients and include two other fabs producing 720,000 300mm wafers and 692,000 200mm wafers per year, respectively.

GlobalFoundries' chips are used in cars and 5G technology.

Amid a chip shortage during the COVID-19 pandemic that has now become a surplus, GlobalFoundries announced a $6 billion global expansion plan in 2021.

Singapore's chip production sector accounts for some 11 percent of the global market and is expected to grow as more chipmakers open or expand operations in the near future.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Africa Leader.

More Information

17 ℃

Fair in Cape Town

International

Section

Migrant surge has pushed El Paso to 'breaking point', says mayor

EL PASO, Texas: Over the weekend, Oscar Leeser, Mayor of El Paso, said that the surge in migrants crossing the ...

Hong Kong court jails journalists' group chief for obstructing police

HONG KONG: This week, Ronson Chan, chairman of the Hong Kong Journalists Association, was sentenced to five days jail for ...

US plans hotline with China to prevent crisis in space

WASHINGTON D.C.: In an interview with Reuters this week, U.S. commander General Chance Saltzman said the United States Space Force ...

Fifty world leaders call on UN to bring about peace in Ukraine

As it did last year, the 2023 United Nations General Assembly has been debating what role the United Nations and ...

Criminal from Louisiana caught in Mexico after 32 years

BATON ROUGE, Louisiana: Authorities said that Greg Lawson, who fled his 1991 trial in Louisiana for attempted murder 32 years ...

Trudeau promises to continue support to Ukraine

OTTAWA, Canada: During a joint news conference with Ukrainian President Volodymyr Zelenskyy in Canada's capital, Ottawa, Prime Minister Justin Trudeau ...

Business

Section