VIS and NXP Semiconductors build $10.5b semiconductor facility in SG

The facility will create 1,500 jobs in Singapore.

VisionPower Semiconductor Manufacturing Company (VSMC), the joint venture of Vanguard International Semiconductor Corporation (VIS) and NXP Semiconductors (NXP), will build a 300mm semiconductor wafer manufacturing facility in Singapore. VIS will operate the facility.

The JV will support 130nm to 40nm mixed-signal, power management, and analogue products, targeting the automotive, industrial, consumer, and mobile end markets.

The JV plans to commence construction of the first phase of the wafer fab in H2 2024, subject to obtaining all required regulatory approvals. Initial production will be available to customers by 2027.

The JV will function as an independent commercial foundry, offering assured proportional capacity to both partners, with an expected output of 55,000 300mm monthly wafers by 2029.

The total cost of the initial build-out is around $10.5b (US$7.8b). VIS will inject $3.2b (US$2.4b), representing a 60% equity position in the JV, whilst NXP will fulfil the remaining 40%, injecting $2.1b ($1.6b).

In addition, the partners have agreed to contribute an additional $2.5b (US$1.9b) to support the long-term capacity infrastructure whilst the remaining funding, including loans, will come from third parties for the JV.

Follow the link for more news on

semiconductor demand

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia