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 joint venture — VisionPower Semiconductor Manufacturing Company — while NXP will hold 40%, according to a joint statement released Wednesday.
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 joint statement said.
Source: CNBC
