TAIPEI -- Taiwan's United Microelectronics Corp. on Thursday announced plans to spend $5 billion to expand its chip production capacity in Singapore as the world's fourth largest contract chipmaker looks to help clients overcome the ongoing global chip crunch.
UMC, whose clients include Samsung, MediaTek and Qualcomm, said it will build a new chip plant at its existing manufacturing site in Singapore to produce chips using its 22- to 28-nanometer production technology. This production tech is used to make a wide range of chip types used in consumer electronics, computers and cars. The new facility is scheduled to begin mass production from the end of 2024, according to the chipmaker.
