France's Soitec bets 275m euros on Singapore to tap consumer tech surge

Singapore

IT'S a good time to be in the semiconductor business these days.

Global chip shortage notwithstanding, the growing demand for technologies like electric vehicles, smart devices and the Internet of Things directly translates into roaring business for semiconductor firms.

With all this in mind, French chipmaker Soitec is looking to ramp up supply with the target of tripling its revenue to US$2 billion by 2026.

Singapore, which hosts its largest factory outside France, will play a key role producing its flagship 300mm silicon-on-insulator (SOI) substrates.

The company, a leader in the SOI market, is investing 275 million eu…