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GLOBAL EXPANSION STRATEGY

Mubadala firm GF starts work on $4bn Singapore campus

ABU DHABI, June 22, 2021

GlobalFoundries (GF), a US-based semiconductor firm owned by Abu Dhabi-based Mubadala Investment Company, has broken ground on its new $4 billion campus in Singapore being set up in partnership with Singapore Economic Development Board and with co-investments from committed customers.
 
The new Singapore facility is the first step of GF's plan to expand its global manufacturing footprint to meet increasing worldwide customer demand, said the statement from Mubadala. 
 
On completion, it will be the most advanced semi manufacturing facility in Singapore and further enhance GF’s ability to provide its feature-rich RF, analog power, non-volatile memory solutions. 
 
As part of the project, GF is adding 250,000 sq ft of cleanroom space and new administrative offices. The new facility will create 1,000 new high-value jobs such as technicians, engineers and more. 
 
With construction already under way, the new campus is planned to ramp up in 2023.
 
The virtual groundbreaking ceremony was attended by Singapore Minister for Transport and Minister-in-charge of Trade Relations S Iswaran and Mubadala Investment Company Managing Director and Group CEO  Khaldoon Khalifa Al Mubarak along with other senior officials. 
 
They were joined by: UAE Ambassador to Singapore Jamal Abdulla Al Suwaidi; Singapore Ambassador to the UAE Kamal R Vaswani; Singapore Economic Development Board Managing Director Chng Kai Fong; GF Board Chairman Ahmed Yahia Al Idrissi; along with GF executives including CEO Tom Caulfield; CFO David Reeder; SVP and Head of Global Operations KC Ang; SVP of Global Sales Juan Cordovez; VP of Human Resource for APAC and International Fabs Janice Lee; and VP of Technology Development in Singapore Dr. Soh Yun Siah.  
 
According to GF, the global demand for semiconductor chips is growing at an unprecedented rate, with worldwide semiconductor revenue projected to increase 2.1 times in the next eight years. 
 
To meet that demand, GF has planned capacity expansions at all its manufacturing sites in the US, Germany and, starting with the construction of phase one of its 300mm fab expansion, Singapore, it stated. 
 
When complete, GF will add capacity for 450,000 wafers per year, bringing GF’s Singapore campus up to approximately 1.5 million wafers per year, it added.
 
On the new facility, CEO Tom Caulfield said: "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," he stated.
 
"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," he added.
 
Dr Beh Swan Gin, Chairman of the Singapore Economic Development Board, said: "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," he added.



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