The plant is expected to ship wafers to consumers in 2027.While NXP will invest $1.6 billion in the Singapore plant, Vanguard will contribute $2.4 billion.

Vanguard International and NXP Semiconductors are forming a joint venture to build a $7.8B semiconductor wafer manufacturing facility in Singapore. Read more details here.

Wafers are a thin slice of semiconductor material used to make microchips. NXP will invest $1.6 billion in the Singapore plant while Vanguard plans to invest $2.4 billion, the statement said.

The fab will create 1,500 jobs in the region and by 2029, when operating at full capacity, is expected to produce 55,000 300mm wafers per month.

In June 2024, Vanguard International Semiconductor (VIS) and NXP unveiled plans to collaborate on establishing VSMC in Singapore, where they will build a 12-inch wafer fabrication plant. On August ...