Chip supplier builds wafer factory in Singapore

Siltronic wafers

The company is increasing its investments this year by 150 million to 400 million euros.

(Photo: Siltronic)

Munich The chip supplier Siltronic wants to build a second wafer factory in Singapore in view of the rapid semiconductor demand after the corona pandemic. The project will devour around two billion euros by the end of 2024, the company said on Tuesday in Munich.

The construction of the factory for 300 millimeter silicon wafers – the most modern technology – for chip production is to begin in the current year. At the same time, Siltronic is expanding its capacities in Freiberg, Saxony. The company is about to be taken over by the Taiwanese Global Wafers; however, some permits are still pending.

“With our new, ultra-modern and cost-efficient 300 millimeter factory in Singapore, we are supporting the expansion projects of important customers who cannot be served with the current capacities,” said Siltronic CEO Christoph von Plotho.

Capacity utilization is to be ensured through long-term supply contracts, and prepayments are to contribute to the financing of the project, which Siltronic intends to finance largely from its own resources and from ongoing business.

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