US chip giant opens $4-B Singapore plant

By Agence France-Presse

Sep 13, 2023 12:29 am

SINGAPORE: The world's third-largest contract chipmaker, GlobalFoundries, opened a $4-billion manufacturing plant in Singapore on Tuesday as part of a global expansion to help ease an industry supply crunch.

The semiconductor sector is recovering from disruptions caused by the pandemic, high inflation and sluggish global economic growth caused in part by geopolitical tensions.

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