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.
