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

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.

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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