GlobalFoundries, global semiconductor manufacturer, will build a new Singapore facility to meet increasing worldwide customer demand.
Partnering with the Singapore Economic Development Board and with co-investments from committed customers, GlobalFoundries’ US$4 billion investment will be integral in enabling companies to develop and scale their businesses.
Worldwide semiconductor revenue is projected to increase 2.1 times in the next eight years due to exceeding global demand for semiconductor chips. Along with the construction of the new Singapore facility, GlobalFoundries plans to meet this demand through expanding capacity at its sites in Germany and the US.
When the Singapore facility is complete, GlobalFoundries will add capacity for 450,000 wafers per year, bringing its Singapore campus up to approximately 1.5 million (300mm) wafers per year.
The new fab will be the most advanced semiconductor manufacturing facility in Singapore and further enhance GlobalFoundries’ ability to provide feature-rich RF, analog power, non-volatile memory solutions. It will add 23,000 square metres of cleanroom space and new administrative offices and create 1,000 new high-value jobs such as technicians and engineers.
With construction already underway, the facility is aiming to be completed in 2023.
“GlobalFoundries is meeting the challenge of the global semiconductor shortage by accelerating our investments around the world,” GlobalFoundries CEO Tom Caulfield said.
“Working in close collaboration with our customers and the government of Singapore is a recipe for success that we are pioneering here and looking forward to replicating in the US and Europe.
“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,” he said.
The Singapore Economic Development Board is committed to partnering with industry leaders like GlobalFoundries to address the demand for semiconductors, especially in growth areas including AI and 5G, Singapore Economic Development Board chairman Dr Beh Swan Gin said.
“The semiconductor industry is a key pillar of Singapore’s manufacturing sector and GlobalFoundries’ new fab investment is testament to Singapore’s attractiveness as a global node for advanced manufacturing and innovation.
“It will help GlobalFoundries’ customers to strengthen the resilience of their supply chains, and also add to the vibrancy of our economy through the creation of good jobs for Singaporeans and business opportunities for our local enterprises,” he said.
One of the world’s most vital resources, semiconductor chips are essential in the functioning of smartphones, automobiles and medical technology, among others.