The UAE state investment company Mubadala-owned semiconductor maker GlobalFoundries will build a new $4 billion fabrication plant in Singapore to meet the global shortage of chips.
The new facility will be set up in partnership with the Singapore Economic Development Board and with investments from committed customers, the US-based GlobalFoundries said in a statement.
“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,” GlobalFoundries CEO Tom Caulfield said in a statement.
A global shortage of semiconductor chips has hit the manufacture of a range of products from automobiles to household electronic appliances, pushing up prices for consumers.
GlobalFoundries said to meet the demand it has planned capacity expansions at all its manufacturing sites in the U.S., Germany and, starting with the construction of phase one of its 300mm fab expansion, Singapore.
When complete, GF will add capacity for 450,000 wafers per year, bringing GF’s Singapore campus up to approximately 1.5 million (300mm) wafers per year.
(Writing by Brinda Darasha; editing by Seban Scaria)
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