UAE - Mubasher: The US-based GlobalFoundries (GF), a semiconductor maker owned by Mubadala Investment Company (Mubadala), will construct a new fabrication plant worth $4 billion on its Singapore campus to meet the global demand for semiconductor chips.
The plant will be built in partnership with the Singapore Economic Development Board and with co-investments from committed customers, according to a press release on Tuesday.
The worldwide semiconductor revenues are expected to increase 2.1 times in the upcoming eight years; hence, GF has planned to raise the capacity of all its manufacturing sites in the US and Germany.
In addition, the company has started with the construction of phase one of its 300mm fab expansion in Singapore to add capacity for 450,000 wafers per year upon completion.
Therefore, the capacity of GF’s Singapore campus will rise to up to around 1.5 million (300mm) wafers per year.
The CEO of GF, Tom Caulfield, said: "Our new facility in Singapore will support fast-growing end-markets in the automotive, 5G mobility and secure device segments with long-term customer agreements already in place."
Meanwhile, the Chairman of the Singapore Economic Development Board, Beh Swan Gin, said: "It will help GlobalFoundries’ customers to strengthen the resilience of their supply chains, and also add to the vibrancy of our economy through the creation of good jobs for Singaporeans and business opportunities for our local enterprises."
