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southeast asia's dynamic growth and investment opportunities in technology and sustainability
NXP Semiconductors is collaborating with Vanguard International Semiconductor Corporation to establish a wafer manufacturing facility in Singapore. Southeast Asia faces significant climate challenges but also has immense potential for renewable energy, requiring an estimated US$1.5 trillion by 2030 for green investments, which have only reached US$45 billion since 2021. The region's dynamic economy, driven by e-commerce, fintech, and AI, is projected to grow by 4.6% in 2025, outpacing major economies like China.
NXP and TSMC affiliate plan expansion of Singapore chip plant
NXP Semiconductors NV and Vanguard International Semiconductor Corp., a Taiwan Semiconductor Manufacturing Co. affiliate, are planning to expand their $7.8 billion chip plant in Singapore. This move aims to diversify chip production amid rising US-Chinese technology tensions. NXP's Executive Vice President Andy Micallef confirmed that discussions for a phase two expansion are underway, although formal approval is still pending.
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