GlobalFoundries has committed US$12 billion in fixed asset investments in Singapore since 2010.- GLOBALFOUNDRIES SINGAPORE
NEW YORK: GlobalFoundries Inc will build a US$4bil (RM16.4bil) chipmaking plant in Singapore slated to start in 2023, choosing Asia for the site of its latest expansion despite Biden administration calls to bring home semiconductor manufacturing.
The US-based company joins rivals from Taiwan Semiconductor Manufacturing Co to Samsung Electronics Co that are expanding capacity to help address a persistent shortfall of chips for everything from cars to smartphones.
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