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

GlobalFoundries—constrained by United Arab Emirates sovereign abundance store Mubadala Investment Co.— said Tuesday it will contribute $4 billion to construct a chip producing plant in Singapore to fulfill the extraordinary need for semiconductors worldwide.

The U.S.- settled organization held a noteworthy virtual function to begin developing the 300-millimeter creation plant in Singapore. When finished in 2023, the office can deliver 450,000 wafers every year, boosting GlobalFoundries’ yield in the city-state to 1.5 million wafers each year.

The Singapore development—upheld by the Singapore government and a portion of GlobalFoundries’ clients—is important for the gathering’s worldwide system to support its yield to fulfill the quickly developing need for semiconductors. The organization also plans to extend the limit at assembling locales in the U.S. and Germany.

A worldwide deficiency of central processors—achieved by flooding interest from a wide scope of enterprises and inventory network disturbances brought about by Covid-19 lockdowns—affects creating a wide scope of items like vehicles, PCs, clinical gadgets and cell phones throughout the last couple of quarters. The world’s greatest chipmakers, including Taiwan Semiconductor Manufacturing Corp. (TSMC) and Samsung Electronics, are also growing to address the deficiency.

“GlobalFoundries is meeting the test of the worldwide semiconductor lack by speeding up our speculations throughout the planet,” says GlobalFoundries CEO Tom Caulfield.

The new fab will be the most progressive chip fabricating office in Singapore, and backing vigorous interest from the car are just as 5G gadget makers, as indicated by GlobalFoundries. It will add 250,000 square feet (23,000 square meters) of cleanroom space and make 1,000 new high-esteem occupations for specialists and designers.

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Adam Collins
Adam writes about technology, business and economics. With master's degree in Economics, he's presented six papers in international conferences. As a solivagant in the constant state of fernweh, curiosity is the main weapon in his arsenal.

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