GLOBALFOUNDRIES Makes $4bn Bet OnSingapore Semiconductor Manufacturing

June 25, 2021: New York-based advanced chipmaker GLOBALFOUNDRIES began a major Asia- PaciUc production expansion with the groundbreaking of a new fabrication facility (fab) in Singapore. The new factory is being funded by an investment of S$5 billion (over $4 billion) by GLOBALFOUNDRIES itself, in cooperation with the Singapore Economic Development Board and several co-investors.