TL;DR CNBC

TSMC-backed Vanguard and Dutch firm NXP to build $7.8 billion Singapore wafer plant

Publishing timestamp: 2024-06-06 02:26:13

Summary

Vanguard and NXP to build $7.8 billion wafer manufacturing plant in Singapore, with Vanguard holding 60% stake in joint venture. Construction to start in 2024, wafers to be shipped in 2027. Plant will create 1500 jobs and produce wafers for various markets. Other semiconductor companies have also invested in Singapore and neighboring Malaysia.

Sentiment: NEUTRAL

Tickers: 2330-TW,  NXPI, 

Keywords: breaking news: technology,  taiwan semiconductor manufacturing co ltd,  nxp semiconductors nv,  business news,  technology, 

Source: https://www.cnbc.com/2024/06/06/tsmc-affiliate-vanguard-to-build-7point8-billion-singapore-wafer-with-nxp.html