DGAP-News: Siltronic AG
/ Key word(s): Expansion/Miscellaneous
Siltronic breaks ground for a new fab in Singapore
Singapore's Minister for Trade and Industry, Mr. Gan Kim Yong was the Guest-of-Honour at the ground breaking ceremony. He was accompanied by Siltronic CEO, Dr. Christoph von Plotho, EDB Managing Director, Ms. Jacqueline Poh, and Siltronic Site President in Singapore, Mr. Niew Bock Cheng.
The global demand for semiconductor devices is growing continuously. Silicon wafers are the base material for these devices. Wafer supply is already tight and is expected to become even tighter in the next years. In order to meet the increasing customer demand, Siltronic will expand its capacity as existing fabs are already fully utilized.
Siltronic started its operations in JTC's Tampines Wafer Fab Park in 1999 with the manufacturing of 200 mm silicon wafers. In 2006, Siltronic added a second fab under a joint venture with Samsung Electronics for the manufacturing of 300 mm silicon ingots and wafers.
The new 300 mm fab under the joint venture with Samsung will be the most advanced wafer facility of the Siltronic Group, producing crystal ingots as well as polished and epitaxial wafers. It will strengthen Siltronic Singapore as a key production hub within Siltronic's production network. About 600 new jobs for professionals, engineers, technicians and skilled workers will be created.
"This is the largest investment in the history of Siltronic. With the new leading-edge production capacities, we will further strengthen our position as one of the technology leaders. This investment also demonstrates our long-term commitment in Singapore.", continues von Plotho.
Ms Jacqueline Poh from the EDB added: "We are committed to support the growth of the semiconductor industry in Singapore with industry leaders like Siltronic. Siltronic's decision to site its largest and most advanced manufacturing facility in Singapore is a testament to our attractiveness as a global node for semiconductors. The new fab will further strengthen our semiconductor industry and create good job opportunities in Singapore.
Siltronic is one of the world's largest manufacturers of hyperpure silicon wafers and partner to many leading semiconductor companies. The company operates production sites in Asia, Europe and the USA. Siltronic develops and manufactures silicon wafers in diameters of up to 300 mm. Silicon wafers form the basis for modern microelectronics and nanoelectronics and are a key component in semiconductor chips driving computers, smartphones, navigation systems and many other applications. Siltronic AG employs around 3,900 people and is a stock-listed company in Germany (Prime Standard). Siltronic shares are included in the SDAX and TecDAX.
26.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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