UMC (United Microelectronics Corporation), a top asian semiconductor manufacturer, announced that its board of directors has approved a plan to build a factory in Singapore. The 1st phase of the new factory, designed to produce products according to the standards of 22 and 28 nm, should have a capacity of 30K wafers/month. The start of manufacturing is expected at the end of 2024.
The new factory is said to be one of the most advanced semiconductor manufacturing facilities in Singapore. The planned investment in this project is 5 billion dollars. United Microelectronics Corporation has been managing in Singapore for more than twenty years, with not only manufacturing facilities here, but also a specialized research and development center in the field of advanced technologies. With the Fab12i expansion, the company's 2022 capex budget will be revised upwards to 3.6 billion dollars.
The announcement of the plans to build a new factory noted that customers have already signed multi-year supply agreements with UMC company, confirming the forecast of strong demand in the coming years for products manufactured using UMC's 22nm and 28nm technology. The factory will specialize in embedded high-voltage devices, embedded non-volatile memory, RF and mixed signal processing chips for a wide range of applications, including smartphones, smart home devices and automotive electronics. The company expects the factory to play an important role in meeting the growing demand in these markets and help alleviate capacity shortages.