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Semiconductor manufacturer GlobalFoundries is increasing its production capacity in Singapore with a hefty US$4 billion (S$5.4 billion) investment.The addition of a new fab, or manufacturing plant, here comes amid a global chip shortage and is expected to add around 1,000 jobs.

The new fab, which is under construction, will be located in its existing Woodlands campus and is expected to start production in January 2023. It is slated to reach full capacity by early 2024.

The fully automated fab will have about 250,000 sq ft of cleanroom space and add about one-third wafer production capacity to the company’s Singapore operations, bringing its capacity to about 1.5 million wafers per year.

Singapore accounts for about one-third of GlobalFoundries’ revenue and serves about 200 customers worldwide. The manufacturer has about 4,800 employees here, around a third of its global headcount.

Source: https://www.straitstimes.com/business/chips-giant-globalfoundries-to-increase-capacity-in-spore-add-1000-high-value-jobs