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  ·2021-06-22
  Exciting news for Singapore and the opportunities that it’ll bring!
  U.S. chip foundry announces new manufacturing plant in Singapore
  KEY POINTS GlobalFoundries said Tuesday it will build a new fabrication plant in Singapore to meet
  U.S. chip foundry announces new manufacturing plant in Singapore
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partnership with ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/22/globalfoundries-announces-new-singapore-plant.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOXX":"iShares费城交易所半导体ETF","SMH":"半导体指数ETF-HOLDRs"},"source_url":"https://www.cnbc.com/2021/06/22/globalfoundries-announces-new-singapore-plant.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1156641454","content_text":"KEY POINTS\n\nGlobalFoundries said Tuesday it will build a new fabrication plant in Singapore to meet the unprecedented global demand for chips.\nThe new facility will be developed in partnership with the Singapore Economic Development Board and with co-investments from committed customers, the company said.\nMore than $4 billion will be invested into the development, according to GlobalFoundries.\n\nSINGAPORE — U.S.-headquartered semiconductor manufacturer GlobalFoundries announced Tuesday that it will build a new fabrication plant in Singapore to meet the unprecedented global demand for chips.\nThe new facility will be developed in partnership with the Singapore Economic Development Board and with co-investments from committed customers, GlobalFoundries said. More than $4 billion will be invested into the development, according to the company.\n\"Our new facility in Singapore will support fast-growing end-markets in the automotive, 5G mobility and secure device segments with long-term customer agreements already in place,\" GlobalFoundries CEO Tom Caulfield said in a statement.\nA global shortage of semiconductor microchips is causing havoc,delaying car productionandaffecting operationsat some of the largest consumer electronics manufacturers.\nA virtual groundbreaking ceremony for the plant was attended by Singapore's Transport Minister S Iswaran as well as Mubadala Investment Company Managing Director and Group CEO Khaldoon Khalifa Al Mubarak, among others.\nMubadala, a United Arab Emirates state investment company, owns GlobalFoundries.\n\"The semiconductor industry is a key pillar of Singapore's manufacturing sector, and\nGlobalFoundries' new fab investment is testament to Singapore's attractiveness as a global node for advanced manufacturing and innovation,\" Beh Swan Gin, chairman of the Singapore Economic Development Board said in a statement.\nImportance of foundries\nSemiconductors are critical components that power all kinds of electronics, from smartphones to computers to the brake sensors in cars. Their production involve a complex network of firms that design the chips, companies that manufacture them as well as those that supply the technology, materials and machinery to do so.\nGlobalFoundries is a so-called \"pure\" foundry, with factories in the U.S., Germany and Singapore. Foundries are companies that are contracted by semiconductor firms to build chips. GlobalFoundries manufactures semiconductors designed by the likes ofAMD, Qualcomm and Broadcom.\nThe global chip shortage has highlighted the importance of foundries, which areinvesting billionsin new production lines and upgraded equipment to meet the surge in demand.\nTaiwan Semiconductor Manufacturing Company, or TSMC, is the world's biggest foundry by market share and revenue,according to TrendForce. It has about 56% market share, followed by Samsung (18%), UMC (7%) and GlobalFoundries (7%).\nSemiconductor designers and manufacturers are trying to make chips smaller and better. At the moment, only TSMC and Samsung have the ability to manufacture the most advanced chips.\nFor his part,Caulfield told CNBC this yearthat GlobalFoundries is planning to invest $1.4 billion in its foundries to address the shortage. The company plans to expand capacity at all its manufacturing sites.","news_type":1},"isVote":1,"tweetType":1,"viewCount":37,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}