September 13, 2023 /SemiMedia/ -- GlobalFoundries yesterday announced the official opening of its US$4 billion expanded manufacturing plant in Singapore. The 23,000 square meter fab will create 1,000 high-value jobs in Singapore, 95% of which will include equipment technicians, process technicians and engineers.

According to GF, the expanded fab will produce an additional 450,000 300mm wafers per year, increasing GF Singapore's total production capacity to approximately 1.5 million 300mm wafers per year.

"If we fully utilize the production capacity of the Singapore fab, this may account for about 45% of GF's revenue. Global demand for chips is expected to pick up in the second half of 2024." Tan Yew Kong, general manager of GF Singapore, said.