Taiwan-based Vanguard will own 60% of the joint venture and the Netherlands-based NXP the rest. — Reuters
SINGAPORE: NXP Semiconductors NV is teaming up with a company partly owned by Taiwan Semiconductor Manufacturing Co (TSMC) to build a US$7.8bil chip wafer plant in Singapore, marking a boost for the island nation’s technology ambitions.
TSMC-backed Vanguard International Semiconductor Corp and NXP will begin constructing the facility in the second half of this year, with production starting in 2027, the two companies said in a statement.
