UMC to invest US$5bn in Singapore plant
United Microelectronics Corp (UMC, 聯電), the world’s third-largest contract chipmaker, is to invest US$5 billion in a new manufacturing facility in Singapore to make 22-nanometer chips, it said yesterday. The first phase of the investment would add 30,000 12-inch wafers per month to UMC’s capacity, with production expected to start in 2024, the Hsinchu-based chipmaker said in a statement. The new facility would be built next to UMC’s other Singapore 12-inch fab, Fab12i. The new plant comes as chip supply remains tight due to demand from 5G applications, Internet-of-Things devices and ...