NXP and Vanguard to invest $7.8b in Singapore wafer plant

NXP and Vanguard to invest $7.8b in Singapore wafer plant

Singapore. Photo by Pixabay

NXP Semiconductors and TSMC-backed Vanguard announced a $7.8 billion joint venture to produce silicon wafers on Wednesday, joining other chipmakers setting up plants in Singapore to diversify their manufacturing base.