TAIPEI, June 6 — An affiliate of Taiwan chip titan TSMC has joined Dutch chip maker NXP to announce plans to build a new US$7.8 billion factory in Singapore to make processors...
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A logo of Taiwan Semiconductor Manufacturing Company is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. — AFP picTAIPEI, June 6 — An affiliate of Taiwan chip titan TSMC has joined Dutch chip maker NXP to announce plans to build a new US$7.8 billion factory in Singapore to make processors for the auto and mobile end markets.
Its unit Vanguard International Semiconductor Corporation will inject US$2.4 billion into VisionPower Semiconductor Manufacturing Company, while NXP will provide US$1.6 billion for the remaining equity position. NXP president and chief executive Kurt Sievers said:"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."VisionPower will operate as an independent, commercial foundry supplier, with an expected output of 55,000 300mm wafers per month by 2029, the statement said, adding that it would create around 1,500 jobs in Singapore.
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