Singapore’s semiconductor industry has added another major manufacturing site with the opening of a $7.8 billion USD chip plant.

VisionPower Semiconductor Manufacturing Company, or VSMC, has opened a new 300mm fabrication facility in Singapore that is expected to produce about 44,000 wafers a month at full capacity. VSMC is a joint venture between Taiwan’s Vanguard International Semiconductor and Dutch chipmaker NXP Semiconductors.

The plant expands Singapore’s role in the global semiconductor supply chain at a time when demand is growing for the specialty chips used across data centers, vehicles, industrial equipment, mobile devices, and…

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