VIS and NXP establish VSMC joint venture for $7.8B Singapore wafer fab

Vanguard International Semiconductor (VIS) and NXP Semiconductors officially established the VisionPower Semiconductor Manufacturing Company (VSMC) joint venture in Singapore. Construction of the first 300mm wafer fab will begin in H2 2024, with initial production in 2027. Total investment is approximately $7.8 billion.

“Vanguard International Semiconductor Corporation (VIS) and NXP Semiconductors N.V. (NXP) today announced that they have obtained all necessary approvals from relevant authorities and injected capital to officially establish the VisionPower Semiconductor Manufacturing Company Pte Ltd (VSMC) joint ven”globenewswire.com

• 3 sources
• globenewswire.comVIS and NXP Announce Establishment of VSMC Joint VentureNXP USA, Inc.Sep 4, 2024
• globenewswire.comVIS and NXP Announce Establishment of VSMC Joint VentureNXP USA, Inc.Sep 4, 2024
• investors.nxp.comVIS and NXP Announce Establishment of VSMC Joint Venture | NXP SemiconductorsSep 4, 2024

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