NXP Semiconductors and TSMC-backed Vanguard announced a $7.8 billion joint venture to produce silicon wafers on Wednesday, joining other chipmakers setting up plants in Singapore to diversify their manufacturing base. Taiwan's Vanguard International Semiconductor Corp will invest $2.4 billion for a 60% stake while NXP will invest $1.6 billion and hold 40%, they said in a joint statement.
HSINCHU, Taiwan and EINDHOVEN, The Netherlands, June 05, 2024 (GLOBE NEWSWIRE) -- Vanguard International Semiconductor Corporation (“VIS”, TPEx 5347) and NXP Semiconductors N.V. (“NXP”, NASDAQ: NXPI) today announce the plan to create a manufacturing joint-venture VisionPower Semiconductor Manufacturing Company Pte Ltd (“VSMC”) which will build a new 300mm semiconductor wafer manufacturing facility in Singapore. The joint-venture fab will support 130nm to 40nm mixed-signal, power management and a