GlobalFoundries, one of the world's largest wafer foundries, has just opened a new wafer manufacturing plant, which will further expand its global production and business. The expansion of the Singapore plant comes within the framework of a global expansion plan with a total investment of US$4 billion. Currently, the factory covers an area of 23,000 square meters. The goal by the end of 2025 to 2026 is to produce 450,000 300mm wafers per year. The total production capacity will be increased to approximately 1.5 million wafers per year and will create 1,000 jobs. 95% of the positions are equipment technicians, process technicians and engineers.
Tan Yew Kong, General Manager of GlobalFoundries Singapore, said: "We expect the production capacity of this factory to account for about 45% of GlobalFoundries' revenue. At the same time, the company expects that global demand for chips will pick up by the second half of 2024. "GlobalFoundries is the world's third-largest foundry, behind TSMC and South Korea's Samsung Electronics. Currently, GF's Singapore operations serve 200 customers around the world and include two other factories that produce 720,000 300mm wafers and 692,000 200mm wafers each year. These chips are used in automotive and 5G technology.
Qualcomm, one of GlobalFoundries' largest customers, said on Monday it had signed an agreement with Apple to supply 5G chips until at least 2026. This will benefit GlobalFoundries. GlobalFoundries is the world's third-largest foundry by revenue, while Singapore's total semiconductor production accounts for 11% of the global market, according to market intelligence provider TrendForce.
Singapore's total semiconductor production is expected to grow as more chipmakers open or expand operations in the coming months. The opening of this large-scale wafer foundry will have a significant impact on Singapore's semiconductor ecosystem and the global chip market, supporting 5G and other rapidly developing technologies.
If you are a company in need of foundry services, GlobalFoundries is your best choice. As one of the world's largest foundries, GlobalFoundries provides manufacturing services that meet high-quality standards based on customer needs and continues to improve its manufacturing capabilities. Over the past 20 years, GlobalFoundries has been continuously innovating to provide customers with efficient wafer manufacturing services.
At the same time, the expansion of GlobalFoundries' Singapore factory also means bringing more opportunities to your business. The company expects global demand for chips to pick up by the second half of 2024. This indicates that the chip market will usher in stronger growth in the next few years. So, now is the best time to find a foundry partner.
Finally, we would like to remind you that GlobalFoundries has rich experience, professional technology and complete production equipment to provide you with comprehensive services. If you would like to learn more about GlobalFoundries, please visit our website and we are ready to help you.