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Expanding the factory to increase production capacity
GlobalFoundries, the world’s third-largest contract chipmaker, has had operations in Singapore since 2010.
The company operates one of the largest wafer fabs here, with the capacity to produce about 1.5 million 300mm wafers per year.
Last year, the company added 23,000 square meters of space, equivalent to about four football fields, to increase capacity to meet a surge in demand.
The company produces wafer-based integrated circuits for smart mobile devices and markets such as automotive, aerospace and defense. Its largest customers include semiconductor companies such as Qualcomm.
JTC Corp senior vice president Tan Yew Kuang said JTC Corp played a “very critical role” in the construction of GlobalFoundries’ $4 billion expansion of its manufacturing facility.
He told CNA that Singapore, with its 55-year history in semiconductors, is able to provide materials and infrastructure supply networks.
He added: “We will definitely stay here. From the perspective of market sentiment such as regionalization and friendly shore, it is very necessary to have a base like Singapore to support our global layout.”
Friendly outsourcing refers to the practice of manufacturing and sourcing from countries with similar geopolitical positions.
Mr Chen noted that the industry’s value will nearly double from $600 million to $1 trillion, meaning building factories ahead of schedule is “very important”.
“We are pacing it so that when the market presents itself, our tool set is ready and ready to go. The good news is, our tools are ready. We just need to launch and be ready,” he added.
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