The strategy of the world's advanced chairman (photo by reporter Lin Yiru)
[Reporter Lin Yiru/Singapore Report] The world's most advanced wafer foundry (5347) Singapore's 12-inch wafer fab VSMC held an opening ceremony today (28th). Chairman Fang Lue said in his speech that VSMC was established to support industrial growth. To strengthen the resilience of the global supply chain, this new factory not only represents an expansion of production capacity, but will also bring opportunities for innovation, cooperation and sustainable growth. He also thanked TSMC for providing professional support from fab construction, technology transfer to employee training.
VSMC has entered an important milestone for the world's advanced 12-inch wafer foundry. Today's opening ceremony included Rafael Sotomayor, president and CEO of joint venture partner NXP, and supply chain including Taiwan Materials President Yu Dinglu, Fanxuan Chairman Gao Xinming, etc., all present to congratulate. TSMC was also represented by Zhuang Zishou, deputy general manager of operations/factory affairs.
Please read on...
Fang Lue pointed out that the groundbreaking ceremony was held at the same location about two years ago. At that time, the site was still an empty lot. It has now officially become a 12-inch fab, symbolizing that the original vision has become a reality and demonstrating a commitment to manufacturing excellence and innovation. The semiconductor industry is at the core of technological transformation. As demand continues to grow, reliable manufacturing capabilities and a resilient supply chain are more important than ever.
Fang Lue also said that VSMC is ready to serve global customers and support the continued growth of the semiconductor industry. In the future, it will continue to invest in talent cultivation, promote sustainable manufacturing, and create long-term value for shareholders and local communities. He also pointed out that sustainability has been an important core from the first day of the project, and VSMC expects to obtain LEED and Green Mark certification in 2027.
Talking about the joint venture partner NXP (NXP), Fanglue said that the two parties will sign a joint venture agreement in 2024 to start a new chapter of cooperation. NXP has been a trustworthy partner all the way. Today's results also reflect the power of cooperation between the two parties and looks forward to continuing to create more results in the future.
Fanglue also thanked TSMC (2330) for its support along the way. From fab construction and technology transfer to employee training, TSMC plays a key role in helping VSMC establish an operational foundation. In addition to being an important partner, it is also an important customer of VSMC.
Fanglue also thanked the Singapore government for its support. He pointed out that Singapore has strong talents, infrastructure and innovation capabilities, and is an important technology and advanced manufacturing center. For VSMC, Singapore is not only a location for setting up factories, but also a strategic partner in the future. We are proud to be a member of the Singapore semiconductor ecosystem.
Fang Lue emphasized that customers are the reason for VSMC’s existence and the driving force for the company’s continued growth and improvement. In the future, VSMC will continue to provide excellent products and services, establish long-term cooperative relationships, and support customers' long-term growth.
In his speech, Singaporean Minister of Trade and Industry Chen Shilong said that VSMC took about 20.5 months from groundbreaking to completion of the factory. The construction speed of the factory not only set a Singapore construction record, but was also very fast by global standards. VSMC’s investment not only brings capital and technology, but is also expected to create 1,600 job opportunities, 75% of which are professionals, managers, supervisors and technicians, including engineers, chemists and data scientists.
Chen Shilong pointed out that Singapore has accumulated special application semiconductor capabilities for decades, and VSMC will further develop on this basis. The planned production capacity will reach 44,000 wafers. The process covers special process nodes from 40 nanometers to 130 nanometers. Product applications include embedded flash memory, power management and automotive systems. After the production capacity is fully increased, VSMC will further strengthen Singapore’s semiconductor manufacturing capabilities and Singapore’s role in the global semiconductor supply chain.
Chen Shilong also revealed that VSMC has recently signed 7 cooperation memorandums with Singapore Polytechnics and universities to help students acquire skills related to advanced manufacturing. VSMC will also participate in Singapore's relevant talent training programs to help fresh graduates and mid-career career changers enter the semiconductor industry through training and on-the-job experience.
Grasp the economic pulse with one hand. Click here to subscribe to Free Finance Youtube Channel
