📊Executive Summary

GlobalFoundries has commenced construction on a $4 billion 300mm wafer fab in Singapore, aiming to address the ongoing global chip crisis. The new facility, expected to be operational in 2023, will enhance production capacity significantly, allowing for the fabrication of 1.5 million wafers annually. This expansion is part of a broader strategy to increase output in response to the semiconductor supply-demand imbalance. The fab will focus on producing components for automotive, secure devices, and 5G mobility sectors, with support from the Singaporean government and committed customers like AMD, who signed a $1.6 billion supply deal. This development is crucial for procurement teams as it highlights the ongoing efforts to mitigate supply chain disruptions and secure future component availability....