Vanguard to buy 8-inch Singapore fab

SUPPLY BOOST: The acquisition from GlobalFoundries would boost Vanguard’s 8-inch wafer capacity by 5% and contribute about NT$5 billion to annual revenue

Taipei Times
Date: Feb 01, 2019
By: Lisa Wang  /  Staff reporter

Vanguard International Semiconductor Corp (世界先進) yesterday said it has agreed to acquire an 8-inch fab in Singapore from GlobalFoundries for US$236 million, in a bid to solve prolonged supply constraints.

Vanguard said that for the past two years, it has been looking to acquire an 8-inch facility or manufacturing equipment to boost its wafer supply.

“The deal will allow Vanguard to secure new capacities and ensure the company’s future growth,” Vanguard chairman Fang Leuh (方略) told investors.

“Since 2018, we have been scouting ways to add new capacities, as the company’s three existing fabs are already fully utilized. It is not easy to acquire 8-inch facilities and manufacturing equipment,” he said.    [FULL  STORY]

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