Singapore carves out a space in the chip supply chain with a new $7.8 billion plant from Europe's NXP and a TSMC-backed manufacturer
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Singapore has attracted a $7.8 billion investment from Vanguard International Semiconductor, backed by Taiwan Semiconductor Manufacturing Company (TSMC), and NXP Semiconductors to build a new chip wafer plant. The plant will produce mature chips for power management functions in cars, industrial products, and consumer goods. Construction is expected to begin later this year, with production starting in 2027. The investment is a testament to Singapore's attractiveness for semiconductor manufacturing and its position as a critical global node for semiconductors. Singapore has a long history in semiconductor manufacturing and offers tax incentives to manufacturers. The country has also received investment pledges from other chipmakers, including GlobalFoundries and UMC. The investment in Singapore is part of a trend among chipmakers to geographically diversify their manufacturing locations. Other Southeast Asian countries, such as Malaysia, are also attracting chipmakers to avoid geopolitical issues. The new chip plant in Singapore is expected to create about 1,500 jobs.

#Singapore #Semiconductor #ChipSupplyChain #Investment #Manufacturing

https://fortune.com/asia/2024/06/06/singapore-carves-out-space-chip-supply-chain-new-plant-nxp-semiconductors-tsmc-vanguard/