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Vanguard International Semiconductor (VIS) and NXP Semiconductors announced a joint venture, VisionPower Semiconductor Manufacturing Company (VSMC), to build a new 300mm semiconductor wafer fab in Singapore. The initial phase will cost $7.8 billion and is expected to begin production in 2027.
“The joint venture will begin construction of the initial phase of the wafer fab in the second half of 2024, pending receipt of all required regulatory approvals, with initial production available to customers during 2027.”investors.nxp.com
Summarized from public sources; check the original articles before acting on it.