SINGAPORE – The decision by GlobalFoundries to expand its manufacturing base here proves that Singapore will continue to have a strong, competitive and vibrant semiconductor industry despite the intense global battle for high-end chip investments, Deputy Prime Minister Lawrence Wong said on Tuesday.
“All these factors have allowed us to build an ecosystem that enables companies to achieve sustained growth, and to create good jobs for our people,” said Mr Wong, who is also Finance Minister. “In other words, there is a high chance that the image sensors and radio frequency chips inside smartphones and electric vehicles of the future will be made from GF’s Singapore fab,” he said.
“GF has also invested heavily in R&D and has been a steadfast partner of our research institutions, with ongoing projects with NTU and the National Research Foundation. In fact, I understand that with more than 700 R&D professionals, GF has one of the largest corporate R&D teams in Singapore,” said Mr Wong.
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