TECH - TSMC-Backed Vanguard NXP Plan On Building $7.8B Semiconductor Facility In Singapore | Benzinga
Vanguard International Semiconductor Corporation (VIS) and NXP Semiconductors N.V. (NASDAQ:NXPI) plan to spend up to $7.8 billion on a new semiconductor facility in Singapore.
VIS will contribute $2.4 billion, securing a 60% equity stake in the initiative. NXP will invest $1.6 billion for a 40% stake. An additional $1.9 billion from both companies will support long-term capacity.
The joint venture — known as VisionPower Semiconductor Manufacturing Company Pte Ltd (VSMC) — will seek third-party funding, including loans, to cover the remaining costs. VIS will manage the fab’s operations.
The new venture is set to generate around 1,500 jobs in Singapore. It will develop a 300mm semiconductor wafer manufacturing facility, focusing on 130nm to 40nm mixed-signal, power management, and analog ...