Singapore Secures $7.8 Billion Semiconductor Plant from Vanguard and NXP

The new facility aims to bolster Singapore's role in the global chip supply chain, creating 1,500 jobs and producing mature chips by 2027.

Vanguard International Semiconductor and NXP Semiconductors will invest $7.8 billion in a new chip wafer plant in Singapore.
Construction of the plant is set to begin in late 2024, with production starting in 2027.
The facility will produce mature chips for automotive, industrial, and consumer markets.
Singapore's stable government and existing semiconductor infrastructure attract global investments.
The project underscores the trend of geographic diversification in chip manufacturing amid U.S.-China tensions.