NXP and Vanguard International Semiconductor partner to invest $7.8B in a Singapore chip wafer facility, starting construction in 2024 & production in 2027.

NXP Semiconductors and Vanguard International Semiconductor, a TSMC-backed company, are partnering to invest $7.8 billion in a new chip wafer manufacturing facility in Singapore. The facility, set to begin construction in the second half of 2024 and begin production in 2027, aims to diversify manufacturing locations for tech firms amid geopolitical risks. Taiwan-based Vanguard will own 60% of the joint venture, while the Netherlands-based NXP will own the rest.

June 05, 2024
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