Make earnings with no risk
Automated AI-driven system makes the trades, you earn the money
Join now
News

GlobalFoundries to Expand Manufacturing Footprint with More than $4B Facility

0
GlobalFoundries to Expand Manufacturing Footprint with More than $4B Facility

GlobalFoundries is constructing a new fab on its Singapore campus at a cost of US $4 billion or S $5 billion to expand its global manufacturing footprint.

Source: GlobalFoundries

The new facility will be constructed in partnership with the Singapore Economic Development Board, with resources also pulled from committed customers.

GlobalFoundries expects the facility to help it meet the growing demand of industry-leading manufacturing technologies and services.

The new semiconductor fab will be the most advanced in Singapore and will ramp in 2023. GF’s facility will add a capacity for 450,000 wafers per year, bringing its total at the Singapore campus to about 1.5 million wafers each year.

Global demand for semiconductors is expected to rise 2.1 times in the next eight years opening opportunities for GF.

fxcoach

Tesla’s AI Day to Recruit As It Showcases Talent In Software And Hardware

Previous article

Semiconductor Equipment Industry’s Billings Jumped 4.7% In May To $3.59 Billion

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in News