(GlobalFoundries) GF is partnering with Singapore Economic Development Board, committing more than $4 billion investment to meet the expanding demand for manufacturing technologies and services to help firms globally to develop and grow their businesses.
The projected capacity expansions at the manufacturing sites will help the company to meet the consumer demand. The new manufacturing facility will comprise of the most advanced technology to improve the capacity of GF to design and manufacture feature-rich, non-volatile memory devices.
The new Fab will add 450,000 wafers, increasing GF’s capacity to close to 1.5 million wafers annually.
Semiconductor chips are more ubiquitous than ever, making them one of the most critical resources in society. The worldwide demand for semiconductor chips is growing at a sharp rate, with projected revenue increase by 2.1 times in the next 8 years.
