The new factory will feature a 23,000m² cleanroom area and will process approximately 450,000 300mm wafers per year (approximately 37,500 wafers per month) using various technologies, such as those used to build RF, analog power supplies and non-volatile memory solutions. The new plant will employ over 1,000 engineers and technicians. When the works are completed, the entire GlobalFoundries campus in Singapore will process over 1.5 million 300mm wafers annually.
As one of the largest contract semiconductor manufacturers in the world, GlobalFoundries is expanding all its capabilities to meet the growing demand for its services. The company also plans to invest in new manufacturing tools this year to increase the capacity of its Fab 1 in Dresden, Germany, and Fab 8 in Malta, New York.
The new factory will cost over four billions of dollars, which will be co-invested by GlobalFoundries, the Singapore Economic Development Board and other clients. The company says the new plant will be the most advanced in Singapore, which is not particularly surprising given that no foundry has built a new state-of-the-art plant in the country for about a decade, since GlobalFoundries bought Chartered Semiconductor at the end of the year. 2009.
The company is preparing for an IPO at the end of 2021. Before going public, the company must clarify its plans to potential investors, start building a new factory, and invest in additional tools for existing facilities to show management direction. Additionally, the increase in production capacity is a message to GlobalFoundries' existing customers that the company will do everything possible to meet their demand in the future.
Tom Caulfield, CEO of GlobalFoundries, said:
GlobalFoundries is addressing the challenge of the global semiconductor shortage by accelerating investments around the world. Working closely with our clients and the Singapore government will prove to be a winning choice and we look forward to replicating this strategy in the United States and Europe. Our new facility in Singapore will support fast growing markets such as automotive, 5G and secure device segments with long-term customer agreements already in place.
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