An investment of $4 billion is planned in partnership the Singapore Economic Development Board and with co-investments with committed customers (see Globalfoundries plans up-front payments to expand manufacturing ).
Globalfoundries is owned by Mubadala Investment Co., the Abu Dhabi sovereign wealth fund although the company is also said to be preparing for an initial public offering of shares later this year (see Globalfoundries' IPO could value firm at $20 billion ).
Globalfoundries did not disclose the customers that are co-investing in the Singapore wafer fab expansion and will therefore have guaranteed share of output from the plant.
The 300mm fab will be equipped to make RF, analog, power and non-volatile memory ICs and will have 250,000 square feet (23,000 square meters) of cleanroom plus administrative offices. When complete it will add 450,000 wafers per year of manufacturing capacity bringing Globalfoundries' Singapore campus capacity up to approximately 1.5 million wafers per year, the company said.
The new fab will create about 1,000 jobs and is planned to ramp up its production in 2023.
"GF is meeting the challenge of the global semiconductor shortage by accelerating our investments around the world. Working in close collaboration with our customers and the government of Singapore is a recipe for success that we are pioneering here and looking forward to replicating in the US and Europe," said GF CEO Tom Caulfield, in a statement. "Our new facility in Singapore will support fast-growing end-markets in the automotive, 5G mobility and secure device segments with long-term customer agreements already in place."
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