NXP, TSMC Affiliate Plan to Expand $7.8 Billion Singapore Plant

NXP, TSMC Affiliate Plan to Expand $7.8 Billion Singapore Plant

NXP Semiconductors NV and a TSMC affiliate are expanding their Singapore venture amid US-China tech tensions. The joint chip plant aims to diversify production and supply chain, focusing on mature chips for various industries. NXP eyes broader footprint in China as well.

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