U.S. chip foundry announces new manufacturing plant in Singapore

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A global semiconductor shortage is causing havoc, delaying car production and affecting operations at large consumer electronics manufacturers.

A virtual groundbreaking ceremony for the plant was attended by Singapore's Transport Minister S Iswaran as well as Mubadala Investment Company Managing Director and Group CEO Khaldoon Khalifa Al Mubarak, among others."The semiconductor industry is a key pillar of Singapore's manufacturing sector, and

GlobalFoundries' new fab investment is testament to Singapore's attractiveness as a global node for advanced manufacturing and innovation," Beh Swan Gin, chairman of the Singapore Economic Development Board said in a statement.Semiconductors are critical components that power all kinds of electronics, from smartphones to computers to the brake sensors in cars.

GlobalFoundries is a so-called "pure" foundry, with factories in the U.S., Germany and Singapore. Foundries are companies that are contracted by semiconductor firms to build chips. GlobalFoundries manufactures semiconductors designed by the likes of

 

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lol this is nothing

US chip plant in Singapore? How bout US chip plant in US?

anywhere but here lol

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