SINGAPORE: The world's third-largest contract chipmaker GlobalFoundries opened a US$4 billion manufacturing plant in Singapore on Tuesday as part of a global expansion to help ease an industry supply crunch.
The facility will produce an additional 450,000 wafers annually at full capacity by 2025 to 2026, the United States company's Singapore general manager Tan Yew Kong told reporters, raising the city-state's overall capacity to 1.5 million wafers each year. Shutdowns during the pandemic fuelled a chip shortage, which was exacerbated by rising prices and an economic slowdown."The key megatrends of our industry - digitalisation, connectivity, cloud computing - are all driving acceleration to a more connected and data-centric world," GlobalFoundries president and chief executive Thomas Caulfield said at the launch.
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