Tuesday, February 5th 2019

GlobalFoundries to Sell its Singapore-based Fab 3E to Vanguard

GlobalFoundries has decided to exit the MEMS (microelectromechanical systems) manufacturing business by selling off its Fab 3E, located in Singapore. The foundry will be acquired lock stock and barrel by Vanguard International Semiconductor (VIS). GlobalFoundries earns USD $236 million from this sale. The transfer of operations is scheduled to take place on 31st December, 2019. Fab 3E has an installed capacity of producing 35,000 200-mm wafers per month, and specializes in MEMS and analog/mixed signal chips. Under the terms of sale, Vanguard also stands to obtain GlobalFoundries' MEMS-related IP and workforce for this facility, which continues its employment after transition. Vanguard also inherits GloFo's clientele for products made at this facility.
Source: AnandTech
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1 Comment on GlobalFoundries to Sell its Singapore-based Fab 3E to Vanguard

#1
eidairaman1
The Exiled Airman
Smart to keep workers there.
Posted on Reply
Dec 18th, 2024 03:40 EST change timezone

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