VIS and NXP Announce Establishment of VSMC Joint Venture
September 04 2024 - 5:00AM
Vanguard International Semiconductor Corporation (VIS, TPEx 5347)
and NXP Semiconductors N.V. (NXP, NASDAQ: NXPI) today announced
that they have obtained all necessary approvals from relevant
authorities and injected capital to officially establish the
VisionPower Semiconductor Manufacturing Company Pte Ltd (VSMC)
joint venture. The company will now proceed with the planned
construction of VSMC’s first 300mm wafer manufacturing facility.
VIS and NXP announced on June 5 this year plans
to establish the VSMC joint venture in Singapore to build a 300mm
wafer fab with a total investment of approximately $7.8
billion.
“We express our gratitude to the governments and regulatory
authorities of Taiwan, Singapore, and other countries for their
strong support, which enabled us to obtain the necessary approvals
and proceed with this significant investment as scheduled,” said
VIS Chairman Leuh Fang. “VSMC’s first 300mm fab is a concrete
manifestation of VIS’ commitment to meeting customer demands,
expanding our manufacturing capacity, and diversifying our global
manufacturing bases.”
"We thank all the relevant government agencies
for moving with speed to support the VSMC joint venture project,”
said NXP President and CEO Kurt Sievers. “The VSMC fab perfectly
aligns with our hybrid manufacturing strategy and helps ensure we
have a manufacturing base which delivers competitive cost, supply
control and geographic resilience to support our long-term growth
objectives.”
VSMC will begin construction on its initial phase of the wafer
fab in the second half of this year, with initial production slated
to begin in 2027. Upon the successful ramp of the initial phase, a
second phase will be considered and developed pending commitments
by VIS and NXP. The 300mm fab will support 130nm to 40nm
mixed-signal, power management and analog products, targeting the
automotive, industrial, consumer and mobile end markets. The
related technology license and technology transfer will be from
TSMC, and a Technology License Agreement with TSMC has been signed.
With an expected output of 55,000 300mm wafers per month in 2029,
the joint venture will create approximately 1,500 jobs while
contributing to the development of the upstream and downstream
supply chains, contributing to Singapore and the global
semiconductor ecosystem.
About VISVanguard International Semiconductor
Corporation (VIS) is a leading specialty IC foundry service
provider. Since its inception in 1994 in Hsinchu Science Park,
Taiwan, VIS has been achieving continuous success in its technology
development and production efficiency improvement. VIS has also
been consistently offering its customers cost-effective solutions
and high value-added services. VIS has five 8-inch fabs in Taiwan
and Singapore with a monthly capacity of about 282,000 wafers in
2024.
VIS has a total of over 6,000 employees. We are committed to
adhering to our customer-oriented business philosophy to provide
customers continuously improved and enhanced specialty IC foundry
services. To better serve our worldwide customers, VIS has
established sales offices in Taiwan and sales representatives in
main IC clusters around the world.
About NXP SemiconductorsNXP Semiconductors N.V.
is the trusted partner for innovative solutions in the automotive,
industrial & IoT, mobile, and communications infrastructure
markets. NXP's "Brighter Together" approach combines leading-edge
technology with pioneering people to develop system solutions that
make the connected world better, safer, and more secure. The
company has operations in more than 30 countries and posted revenue
of $13.28 billion in 2023. Find out more at www.nxp.com.
For further information, please contact:
VIS Spokesperson:Amanda HuangVice President &
CFOpr@vis.com.tw886-3-5770355 |
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VIS Public Relations:Hui-Chung
Suhcsuc@vis.com.tw886-3-5770355 #1901 |
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NXP Investor Relations:Jeff Palmer -
Globaljeff.palmer@nxp.com+1 408 205 0687 |
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NXP Public Relations: Paige Iven – Americas
and EU paige.iven@nxp.com+1 817 975 0602 |
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Jenny YC Chen – Asia Pacificjenny.yc.chen@nxp.com |
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