PAP To Make Singapore A Semiconductor Powerhouse Again! US$5.4 Billion Investment Com
 

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SINGAPORE - Semiconductor manufacturer GlobalFoundries is increasing its production capacity in Singapore with a hefty US$4 billion (S$5.4 billion) investment.

The addition of a new fab, or manufacturing plant, here comes amid a global chip shortage and is expected to add around 1,000 jobs, the firm said on Tuesday (June 22).

About 95 per cent of these jobs will be high-value roles such as equipment...

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