ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

GlobalFoundries puts $4bn into Singapore expansion

US semiconductor giant ramps up wafer capacity amid chip shortage

U.S. semiconductor giant GlobalFoundries will invest over $4 billion in its Singapore plant, increasing its capacity to about 1.5 million wafers per year.   © GlobalFoundries

SINGAPORE -- U.S. semiconductor giant GlobalFoundries will invest over $4 billion to expand its Singapore wafer plant and ramp up capacity as it attempts to tackle the global microchip shortage.

The privately held company owned by the United Arab Emirates' Mubadala Investment Company announced on Tuesday that by the first quarter of 2023 the investment will allow the Singapore facility to make around 1.2 million wafers a year, 450,000 more than it can currently produce.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more