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Globalfoundries to lay off Singapore staff

Posted: 04 Dec 2012 ?? ?Print Version ?Bookmark and Share

Keywords:reorganisation? workforce reduction? cost-cutting measure?

Foundry chip maker Globalfoundries has announced that it will lay off about four per cent of its Singapore workforce, cutting 300 jobs as a result of weakening macro-economic situation in the country.

The announcement was made along with Globalfoundries' roll out of its long-term initiative to expand 300mm manufacturing capacity in Singapore. The initiative is called "Vision 2015" but the company did not provide a budget for the project.

Globalfoundries said it intends to tune the Singapore mix of existing and new process technologies to better serve growth markets and to position Globalfoundries as a partner to companies that need advanced analogue, digital, high-voltage and RF functionality. The initial phase of the plan will include a capacity expansion of Fab 7 300mm facility to be on a trajectory of nearly 1 million wafers per year. The expansion is expected to be completed by the middle of 2014.

"When this initiative is completed, Singapore will provide the widest range of technologies and the best choice for a broad base of semiconductor and integrated device customers," Ajit Manocha, CEO of Globalfoundries, said in a statement.

- Peter Clarke
??EE Times





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