GlobalFoundries To Build $4 Billion Chipmaking Plant In Singapore To Address Semiconductor Shortage

GlobalFoundries To Build $4 Billion Chipmaking Plant In Singapore To Address Semiconductor Shortage

Globalfoundries can be seen at the company's plant in Dresden, eastern Germany. GlobalFoundries“”controlled by United Arab Emirates sovereign wealth fund Mubadala Investment Co.“”said Tuesday it will invest $4 billion to build a chip manufacturing plant in Singapore to meet the unprecedented demand for semiconductors worldwide. The U. S.-headquartered company held a virtual ground breaking ceremony to start the construction of the 300-millimeter fabrication plant in Singapore. When completed in 2023, the facility can produce 450, 000 wafers annually, boosting GlobalFoundries' output in the city-state to 1. 5 million wafers per year. The Singapore expansion“”supported by the Singapore government and some of GlobalFoundries' customers“”is part of the group's global strategy to boost its output to meet the rapidly growing demand for semiconductors. The company said it also plans to expand capacity at manufacturing sites in the U. S. and Germany. A global shortage of microchips“”brought about by surging demand from a broad range of industries and supply chain disruptions caused by Covid-19 lockdowns“”has had an impact on the production of a wide range of products such as cars, computers, medical devices and smartphones over the last few quarters. The world's biggest chipmakers including Taiwan Semiconductor Manufacturing Corp. (TSMC) and Samsung Electronics