Vanguard to boost capital spending

GROWING DEMAND: Most of the additional spending would be earmarked for the company’s newly acquired fab in Singapore, where Vanguard aims to boost capacity

Taipei Times
Date: Date: Aug 06, 2020
By: Lisa Wang / Staff reporter

Vanguard International Semiconductor Corp chairman Fang Leuh, second right, speaks at the company’s earnings conference in Taipei on Feb. 21.
Photo: Hung Yu-fang, Taipei Times

Vanguard International Semiconductor Co (世界先進), which makes power management ICs and driver ICs for displays, yesterday said that it would raise capital spending by about 35 percent for this year to boost 8-inch wafer capacity amid strong customer demand.

For the whole of this year, Vanguard plans to spend NT$3.5 billion (US$118.62 million) on new equipment and facilities, up from a capital spending budget of NT$2.6 billion disclosed in February.

The additional spending would be mostly for its newly acquired fab in Singapore, as Vanguard plans to invest a total of NT$1.9 billion this year and next year to increase the fab’s capacity to 40,000 8-inch wafers a month in the first half of next year, up from 30,000 wafers currently.

The Singaporean fab has a maximum production capacity of 60,000 wafers a month, Vanguard said.    [FULL  STORY]

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