Robert Besser
16 Sep 2023, 13:18 GMT+10
SINGAPORE: As part of its major international manufacturing expansion, GlobalFoundries, the world's third-largest contract chipmaker, launched a semiconductor fabrication plant in Singapore this week.
Tan Yew Kong, the U.S. chipmaker's general manager in Singapore, said the new 248,000-square foot facility, which costs US$4 billion, can produce 450,000 300 millimeter wafers annually at full capacity, expected by 2025 to 2026, and will create 1,000 jobs.
"If we run the Singapore campus' capacity to the fullest, that will probably be around 45 percent of revenue for GlobalFoundries," he said.
The company expects weak global demand for chips to pick up by the second half of 2024, he added.
The company's Singapore operations will serve 200 international clients and include two other fabs producing 720,000 300mm wafers and 692,000 200mm wafers per year, respectively.
GlobalFoundries' chips are used in cars and 5G technology.
Amid a chip shortage during the COVID-19 pandemic that has now become a surplus, GlobalFoundries announced a $6 billion global expansion plan in 2021.
Singapore's chip production sector accounts for some 11 percent of the global market and is expected to grow as more chipmakers open or expand operations in the near future.
Get a daily dose of Zimbabwe Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Zimbabwe Star.
More InformationNEW YORK: This week, the Virginia-based Students for Fair Admissions, founded by affirmative action opponent Edward Blum, sued the U.S. ...
LONDON, U.K.: Jet engine maker CFM International said this week that thousands of engine components may have been sold with ...
BATAM, Indonesia: Due to mounting geopolitical tensions and protests against China's activities in the South China Sea, ASEAN member nations ...
FREMONT, California: This week, brain-chip startup Neuralink, owned by billionaire Tesla CEO Elon Musk, said an independent review board granted ...
BOSTON, Massachusetts: Officials said that a Delta flight from Chicago to Boston that was possibly struck by lightning landed safely ...
JAKARTA, Indonesia: An Indonesian court sentenced Lina Lutfiawati, also known as Lina Mukherjee, to two years in prison this week ...
Greater Noida (Uttar Pradesh) [India], September 25 (ANI): In a major achievement for Chief Minister Yogi Adityanath-led Uttar Pradesh government, ...
(Photo credit: Jon Durr-USA TODAY Sports) Megan Rapinoe, star player and activist, bid farewell to the U.S. women's national team ...
French troops will depart the west African nation in ?the months to come,? the president saidFrance will pull its military ...
Paris - French President Emmanuel Macron said Sunday, France is imminently to withdraw its ambassador from Niger, followed by the ...
New York [US], September 25 (ANI/WAM): Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, and the United Arab ...
(Photo credit: Danielle Parhizkaran/NorthJersey.com / USA TODAY NETWORK) Matthew Judon recorded a safety with 2:19 to go and the visiting ...