NXP, TSMC Affiliate Aim to Expand $8 Billion Singapore Plant
- NXP says expansion of JV with VIS in Singapore is ‘in plan’
- The Dutch firm is also building a Chinese chip supply chain
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NXP Semiconductors NV and a Taiwan Semiconductor Manufacturing Co. affiliate are discussing an expansion of their $7.8 billion Singapore venture, recognizing a need to diversify chip production in anticipation of growing US-Chinese tensions over technology.
The Dutch firm and its Taiwanese partner Vanguard International Semiconductor Corp. on Wednesday broke ground on a joint chip plant in Singapore’s east. The partners are already working on a phase two expansion, NXP Executive Vice President Andy Micallef told Bloomberg News on the sidelines of the ceremony, though he said that addition has yet to be formally approved.