Vanguard International Semiconductor, a chip manufacturing company in which TSMC holds a 28.3% stake, plans to build its first 12-inch wafer fab in Singapore to meet market demand for automotive-related chips. The investment will amount to at least $2 billion and is the company’s largest investment in years.
Taiwan’s World Advanced has previously acquired an eight-inch wafer fab in Singapore. The new chip fab will be close to the existing facilities to meet the strong demand for mature chips in automobiles and other electronic products while reducing geopolitical risks.
Fang Lue, chairman of World Advanced Corporation, said that customers in the United States, Europe and Asia have increasing demand for mature chips not made in China. While the company has not officially announced details of its expansion plans, he said he would not rule anything out. World Advanced was established in 1994 and currently has five 8-inch wafer fabs in Taiwan and Singapore.
(Source: Oriental Daily Picture source: freepik)
