NXP Semiconductors (NXPI) and TSMC-Backed VIS Break Ground on $7.8 Billion Singapore Plant

7 days ago

NXP Semiconductors (NXPI, Financial) and Vanguard International Semiconductor Corporation (VIS), supported by TSMC (TSM), have announced the groundbreaking of their $7.8 billion joint venture, VisionPower Semiconductor Manufacturing Company (VSMC), in Singapore. The facility is expected to begin production in 2027, with a second phase to be developed based on future business demands.

VIS and VSMC Chairman Leuh Fang emphasized their commitment to providing professional IC foundry services, while NXP's CEO Kurt Sievers highlighted the alignment with NXP's differentiated manufacturing strategy. The new plant aims to enhance global semiconductor supply chain diversification with competitive cost structures and geographical flexibility.

Projected to produce 55,000 300mm wafers monthly by 2029, the facility will create approximately 1,500 jobs. The joint venture was announced in June and formally established in September.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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