Memory chip maker Winbond announced that it will invest approximately $10.9 billion to build a 12-inch fab. According to the plan, the plant will break ground on October 3 and is expected to be completed by 2020, which will create 2,500 high-tech jobs.

The new plant will be built in Kaohsiung, Taiwan. It is reported that Winbond considered Singapore when it was sited. The Singapore government also gave very favorable policy conditions, but Winbond chose Kaohsiung City, and Kaohsiung City Government also promised to Winbond that It will assist them in solving investment problems and speeding up other processes so that the new plant can be put into production as quickly as possible.

It is expected that after the completion of the new plant in 2020, DRAM and NOR Flash Memory will be put into production.