Sharjah 24 – WAM: GLOBALFOUNDRIES (GF), the global leader in feature-rich semiconductor manufacturing, Tuesday announced it is expanding its global manufacturing footprint with the construction of a new fab on its Singapore campus.
In partnership with the Singapore Economic Development Board and with co-investments from committed customers, GF’s more than US $4B (approximately AED 15bn) investment will play an integral role in meeting the growing demand for the company’s industry-leading manufacturing technologies and services to enable companies worldwide to develop and scale their business.
"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 U.S and Europe," said GF CEO Tom Caulfield. "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."
"We are committed to partnering industry leaders such as GlobalFoundries to address the global demand for semiconductors, especially in growth areas such as artificial intelligence and 5G. 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," said Dr. Beh Swan Gin, Chairman of the Singapore Economic Development Board in a virtual groundbreaking ceremony.
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