GlobalFoundries introduced Thursday that it has agreed to promote its Fab 3E in Singapore to Vanguard Worldwide Semiconductor Corp. To promote (VIS) and discontinue the MEMS enterprise by the top of the yr. Prospects utilizing the manufacturing unit and personnel working there are transferred to Vanguard. The sale of the manufacturing unit will give GlobalFoundries cash to improve its different makes and applied sciences used to make chips, utilizing particular manufacturing processes from the corporate.
Underneath the settlement, GlobalFoundries will promote the Fab 3E, situated in Tampines, Singapore, to Vanguard for $ 236 million. The switch of possession is because of be accomplished on 31 December 2019. The ability is used to manufacture microelectromechanical methods (MEMS) in addition to analog / blended sign chips and has manufacturing capability of 35,000 200mm wafers monthly. Along with constructing and gear, Vanguard will even obtain the MEMS-related IP addresses of GlobalFoundries. As well as, Vanguard will supply employment to Fab 3E staff, which can primarily keep the present crew. As well as, VIS inherits clients who’re presently served by the manufacturing facility.
Vanguard's current manufacturing capability has been totally utilized since 2018. With the Fab 3E from GlobalFoundries not solely new clients are gained, but additionally the manufacturing capacities are expanded. Since MEMS is a rising market, the deal is a transparent win for the corporate.
GlobalFoundries receives $ 236 million and invests in different 200mm manufacturing amenities and applied sciences the place the corporate has clear distinctions, together with RF, Embedded Reminiscence, Superior Analog and so forth. Since specialised manufacturing processes are a profitable enterprise, altering MEMS is a logical step for the corporate. It additionally helps decrease working prices.
"This transaction is a part of our technique to streamline our world manufacturing momentum and focus extra on Singapore applied sciences which have clear distinctions corresponding to RF, embedded reminiscence and superior analog capabilities," stated Tom Caulfield, CEO of GF. "The consolidation of our 200mm operations in Singapore on campus will even assist scale back our working prices by leveraging the dimensions of our Woodlands gigafab facility. VIS is the suitable companion to make use of the Fab 3E asset sooner or later. "