Local semiconductor firms boost capacity amid global chip crunch

They are investing in new equipment, beefing up facilities, hiring more staff to meet demand

GlobalFoundries' semiconductor fabrication facility in Singapore. The company is doubling its annual average in capital expenditure to address the demand-supply mismatch.
GlobalFoundries' semiconductor fabrication facility in Singapore. The company is doubling its annual average in capital expenditure to address the demand-supply mismatch. PHOTO: BLOOMBERG
New: Gift this subscriber-only story to your friends and family

Local players in the semiconductor industry are ramping up production capacity amid a worsening global chip shortage sparked by high demand from consumer electronics and car firms.

Singapore Semiconductor Industry Association (SSIA) executive director Ang Wee Seng told The Straits Times that the high demand is forecast to continue into next year with companies dealing with order backlogs that have more than doubled in 12 months.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Follow ST on LinkedIn and stay updated on the latest career news, insights and more.

A version of this article appeared in the print edition of The Straits Times on June 04, 2021, with the headline Local semiconductor firms boost capacity amid global chip crunch. Subscribe