BRUSSELS - NXP Semiconductors is teaming up with a company partly owned by Taiwan Semiconductor Manufacturing Co (TSMC) to build a US$7.8 billion (S$10.5 billion) wafer chip plant in Singapore, marking a boost for the country’s tech ambitions.
TSMC-backed Vanguard International Semiconductor Corp and NXP will begin constructing the facility in the second half of this year, with production starting in 2027, the two companies said on June 5 in a statement. Taiwan-based Vanguard will own 60 per cent of the joint venture and the Netherlands-based NXP the rest.
The outlay is the latest win for South-east Asia as global tech firms try and avoid overreliance on specific areas such as Taiwan and China by diversifying the locations of their manufacturing bases. Chip customers are demanding this diversification as insurance against potential geopolitical risks, such as escalating tensions between the United States and China disrupting operations in Taiwan, which dominates in semiconductor manufacturing.
https://www.straitstimes.com/busine...-to-build-105-billion-chip-plant-in-singapore
TSMC-backed Vanguard International Semiconductor Corp and NXP will begin constructing the facility in the second half of this year, with production starting in 2027, the two companies said on June 5 in a statement. Taiwan-based Vanguard will own 60 per cent of the joint venture and the Netherlands-based NXP the rest.
The outlay is the latest win for South-east Asia as global tech firms try and avoid overreliance on specific areas such as Taiwan and China by diversifying the locations of their manufacturing bases. Chip customers are demanding this diversification as insurance against potential geopolitical risks, such as escalating tensions between the United States and China disrupting operations in Taiwan, which dominates in semiconductor manufacturing.
https://www.straitstimes.com/busine...-to-build-105-billion-chip-plant-in-singapore
