GlobalFoundries, the world’s third-largest contract chipmaker, opened a $4 billion semiconductor plant in Singapore on Tuesday, a part of a serious international manufacturing growth.
The U.S. chipmaker’s new 23,000 sq. meters (248,000 sq. toes) facility will be capable to produce 450,000 300 millimeter wafers per yr at full capability, anticipated by 2025 to 2026, and can create 1,000 jobs, the corporate’s Singapore basic supervisor Tan Yew Kong informed reporters.
“If we run (the Singapore campus’) capacity to the fullest, that will probably be (around) 45% of revenue for GlobalFoundries,” he mentioned, including that the corporate anticipated weak international demand for chips to choose up by the second half of 2024.
The firm’s Singapore operations, which serve 200 shoppers worldwide, additionally embrace two different fabs that produce 720,000 300mm wafers and 692,000 200mm wafers yearly. The chips are utilized in automobiles and 5G know-how.
GlobalFoundries introduced a $6 billion international growth in 2021 amid a chip scarcity throughout the pandemic that has since reversed right into a surplus.
One of GlobalFoundries’ largest shoppers is Qualcomm, which mentioned on Monday it had signed a cope with Apple to produce 5G chips till at the least 2026, which can profit GlobalFoundries.
GlobalFoundries is the world’s third-largest income supply, behind Taiwan’s TSMC and South Korea’s Samsung Electronics, in line with market intelligence supplier TrendForce.
Singapore’s general semiconductor output, which makes up 11% of the worldwide market, is about to develop as extra chipmakers open or broaden operations within the coming months.
Source: www.dailysabah.com
