As reported in the Straits Times, Semiconductor manufacturer GlobalFoundries is increasing its production capacity in Singapore with a hefty US$4 billion (S$5.4 billion) investment.

The addition of a new fab, or manufacturing plant, here comes amid a global chip shortage and is expected to add around 1,000 jobs, the firm said on Tuesday (June 22).

About 95 per cent of these jobs will be high-value roles such as equipment technicians, process technicians, and engineers.

2 Units of Newpower 800KVA Generators on hire to support the construction power demand at a semiconductor plant expansion project.