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GlobalFoundries spends US$4 billion to expand a new 12-inch factory in Singapore
Kind: ICD What's New  Organization: Department of International Cooperation  Publish Date: 2021-07-07 11:18
GlobalFoundries, a leader in the international foundry field, held a virtual groundbreaking ceremony for a new 12-inch wafer fab in Singapore on June 22. The planned investment is worth US$4 billion, and the new plant is expected to be launched in 2023. The factory will provide 1,000 job opportunities and increase the annual output by 450,000 pieces.

GlobalFoundries is Singapore’s largest wafer foundry. It has 5 factories in Singapore, employs 4,800 people, and invests 12 billion Singapore Dollar in fixed assets. The business of the Singapore factory accounts for about three-thirds of its revenue.

GlobalFoundries CEO Tom Caulfield attended the virtual groundbreaking ceremony of the new plant in Singapore and said that GlobalFoundries is responding to the challenge of international semiconductor shortages by accelerating global investment. CEO Caulfield continued to explain that the new plant will be able to support automobiles, 5G mobile networks and information security equipment parts, and has reached a long-term agreement with customers, looking forward to this successful cooperation model in the United States and Europe.

Singapore’s Minister of Transportation, Yi Huaren, said that the new foundry is an investment project that Singapore strives to attract and will help Singapore become a key point in the global supply chain. In addition to creating job opportunities, GlobalFoundries' investment case can also benefit related suppliers, contractors and service providers, which will help Singapore realize the "Manufacturing 2030 Vision"

Resource: TRO in Singapore, CNA, HPC

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Update: 2020-04-23
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