GF CEO Tom Caulfield Source: GF
GF has been investing heavily over the past few years to increase capacity at all three of its manufacturing locations, the report said. The company will continue to ramp up capacity to meet demand “over the next five to 10 years”, Caulfield said, stressing its willingness to make additional investments in any of its three existing production sites.
Previously, GF has announced a $4 billion investment in Singapore and is currently building a new factory with a 23,000-square-meter cleanroom. In addition, the company announced that it will expand the capacity of its production sites in the United States and Germany.
“Our investments now will allow GF to add capacity by the end of 2024,” Caulfield said. “But for continued growth, we will have to start building new factories on a planned basis. By the end of this year, we will decide where (Singapore, New York) or Germany) to increase capacity.”
Caulfield has denied reports that the company is considering a partnership with STMicroelectronics to build a factory in France. “We’re going to have a hard time thinking about building production facilities elsewhere. You’re always going to see us expanding at existing locations, and that’s the fastest way to get capacity,” he said. As for why the new location is disdainful, it’s Because he didn’t want to “have to build a team from scratch”.
GF is building a new 23,000-square-meter cleanroom facility in Singapore Source: GF
In addition, Caulfield said, one of GF’s greatest strengths is that “we operate on three continents and have a global supply chain.” Unlike its Taiwanese and South Korean competitors that produce the most advanced semiconductors, GF is focused on producing no less than 12nm chips.
Caulfield added that as these chips make their way into more cars, high-end smartcell phoneand connected devices, the market demand for them will continue to grow. “The gap between GF’s capacity to make chips and demand will be there for a long time,” he said. “We’re going to be investing for the better part of the next decade.”