TSMC affiliate Vanguard to build $7.8 billion Singapore wafer with NXP

[Pelican Press 0]

TSMC affiliate Vanguard to build $7.8 billion Singapore wafer with NXP

A worker moves a wafer bank at NXP semiconductors computer chip fabrication plant in Nijmegen, Netherlands March 14, 2024. 

Piroschka Van De Wouw | Reuters

Taiwan Semiconductor Manufacturing Co.-backed Vanguard International Semiconductor Corporation and Dutch chip designer and manufacturer NXP Semiconductors will build a $7.8 billion wafer manufacturing plant in Singapore. 

Vanguard will have 60% stake in the ****** venture — VisionPower Semiconductor Manufacturing Company — while NXP will hold 40%, according to a

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The VSMC plant will produce wafers for the automotive, industrial, consumer and mobile device markets, the companies said. TSMC will license the underlying manufacturing technologies required for the project to VSMC. 

The new plant, whose construction is expected to start in the second half of 2024, with wafers to be shipped to customers in 2027, is expected to create about 1,500 jobs in Singapore, the ****** statement said. 

Wafers are a thin slice of semiconductor material used to make microchips.

NXP will invest $1.6 billion in the Singapore plant while Vanguard plans to invest $2.4 billion, the statement said. The firms will also provide an additional $1.9 billion to support the long-term capacity of the plant, with the remaining funding provided by third parties.

“NXP continues to take proactive actions to ensure it has a manufacturing base which provides competitive cost, supply control and geographic resilience to support our long-term growth objectives,” said Kurt Sievers, president and CEO at NXP.

Vanguard, which made a

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from New York-based contract chipmaker GlobalFoundries in 2019, said the new plant will help it diversify its manufacturing operations.

Singapore has attracted investments from several semiconductor companies, aided by its business-friendly environment.

GlobalFoundries opened a $4 billion chip fabrication plant in Singapore last year, with its president lauding the government’s industrial policies. In 2022 Taiwan’s ******* Microelectronics Corp

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Neighbour Malaysia has also emerged as a hotspot for semiconductor companies, with investments from ********* chip giants Intel and GlobalFoundries. Other companies have also ***** out plans to start operations in the country. 

TSMC, the world’s largest semiconductor foundry, has been building new plants in countries like Japan and the U.S. as its customers seek to de-risk from Taiwan amid intensifying U.S.-China tensions. 

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first chip plant in Dresden, Germany, TSMC’s first plant in Europe.

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NXP Semiconductors NV,Taiwan Semiconductor Manufacturing Co Ltd,Technology,Breaking News: Technology,business news
#TSMC #affiliate #Vanguard #build #billion #Singapore #wafer #NXP

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