TSMC affiliate Vanguard and Dutch firm NXP to build $7.8 billion Singapore wafer plant [CNBC]
![CNBC](../../../Content/images/providers/CNBC.png)
GlobalFoundries Inc. (GFS)
Company Research
Source: CNBC
Vanguard will have 60% stake in the joint venture — VisionPower Semiconductor Manufacturing Company — while NXP will hold 40%, according to a joint statement released Wednesday The VSMC plant will produce wafers for the automotive, industrial, consumer and mobile device markets, the companies said. TSMC will license the underlying manufacturing technologies required for the project to VSMC. The new plant, whose construction is expected to start in the second half of 2024, with wafers to be shipped to customers in 2027, is expected to create about 1,500 jobs in Singapore, the joint statement said. Wafers are a thin slice of semiconductor material used to make microchips. NXP will invest $1.6 billion in the Singapore plant while Vanguard plans to invest $2.4 billion, the statement said. The firms will also provide an additional $1.9 billion to support the long-term capacity of the plant, with the remaining funding provided by third parties. “NXP continues to take proactive ac
Show less
Read more
Impact Snapshot
Event Time:
GFS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GFS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GFS alerts
High impacting GlobalFoundries Inc. news events
Weekly update
A roundup of the hottest topics
GFS
News
- BAE Systems and GlobalFoundries Collaborate to Strengthen Supply of Essential Semiconductors for National Security Programs [Yahoo! Finance]Yahoo! Finance
- BAE Systems and GlobalFoundries Collaborate to Strengthen Supply of Essential Semiconductors for National Security ProgramsGlobeNewswire
- $46+ Billion Semiconductor Assembly Testing Services Market Outlook, 2024-2029 - Driven by the Rising Focus on EVs and ADAS Technologies in the Automotive Sector [Yahoo! Finance]Yahoo! Finance
- GlobalFoundries Joins CHIPS Women in Construction Framework [Yahoo! Finance]Yahoo! Finance
- GlobalFoundries Joins CHIPS Women in Construction FrameworkGlobeNewswire
GFS
Earnings
- 5/7/24 - Beat
GFS
Sec Filings
- 6/20/24 - Form 6-K
- 5/29/24 - Form SD
- 5/28/24 - Form 6-K
- GFS's page on the SEC website