GlobalFoundries (GF), one of the world’s largest semiconductor makers, is investing $4 billion in a new manufacturing facility in Singapore to address a global chip shortage affecting the automotive and electronics industries.
The company, which is a subsidiary of Abu Dhabi’s sovereign investment fund Mubadala Investment Company, will fund the expansion through its own, the government, and long-term customers’ investments, as per the statement.
The new fab will be Singapore’s most modern semi-manufacturing facility, allowing GF to supply more feature-rich RF, analog power, and non-volatile memory solutions. GF is adding 250,000 square feet (23,000 square meters) of cleanroom space and new administrative offices. Furthermore, the new fab will create 1,000 new high-value jobs such as technicians, engineers, and more.
“GF is meeting the challenge of the global semiconductor shortage by accelerating our investments around the world. Working in close collaboration with our customers and the Government of Singapore is a recipe for success that we are pioneering here and looking forward to replicating in the US and Europe. Our new facility in Singapore will support fast-growing end-markets in the automotive, 5G mobility, and secure device segments with long-term customer agreements already in place.”
Dr. Beh Swan Gin, Chairman of the Singapore Economic Development Board said, “The semiconductor industry is a key pillar of Singapore’s manufacturing sector, and GlobalFoundries’ new fab investment is testament to Singapore’s attractiveness as a global node for advanced manufacturing and innovation.”
“It will help GlobalFoundries’ customers to strengthen the resilience of their supply chains, and also add to the vibrancy of our economy through the creation of good jobs for Singaporeans and business opportunities for our local enterprises,” Dr. Gin added.