The Business Times
business-time-50
SUBSCRIBERS

France’s Soitec doubles down on Singapore with more investment dollars, job creation

google-preferred-sourceAdd BT as a preferred source
Sharon See

Sharon See

Published Tue, Jul 12, 2022 · 05:50 AM
    • Soitec plans to plough an additional 400 million euros (S$570 million) into an extension for the factory that will double its size, said chief executive Paul Boudre. Half the funds will go towards construction, while the rest will be spent on tools and equipment.
    • Soitec plans to plough an additional 400 million euros (S$570 million) into an extension for the factory that will double its size, said chief executive Paul Boudre. Half the funds will go towards construction, while the rest will be spent on tools and equipment. YEN MENG JIIN, BT

    (BT Exclusive)

    FRENCH chipmaker Soitec is raising its game in Singapore, just a year after it announced a multi-million dollar upgrade for the Pasir Ris factory to ramp up output.

    The company plans to plough an additional 400 million euros (S$570 million) into an extension for the factory that will double its size. Half the funds will go towards construction, while the rest will be spent on tools and equipment.

    Singapore economySingapore electronicssemiconductors

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    PayPal has struggled despite its storied history as a financial-technology company.

    PayPal plans job cuts as its new CEO pursues turnaround strategy

    Senior Minister of State for Digital Development and Information Tan Kiat How said the government is working with partners who have access to Anthropic's Mythos to understand its capabilities.

    MAS, bank CEOs convene over AI cyberthreats; boards told to own risks, not leave to IT teams

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More