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Tuesday 26 October, 2021

Siltronic AG

Siltronic AG breaks ground for a new fab in Singapore

DGAP-News: Siltronic AG / Key word(s): Expansion/Miscellaneous
Siltronic AG breaks ground for a new fab in Singapore

26.10.2021 / 12:03
The issuer is solely responsible for the content of this announcement.


Press Release
Siltronic AG
Einsteinstr. 172
81677 Munich
Germany
www.siltronic.com

Siltronic breaks ground for a new fab in Singapore

Munich/Singapore, October 26, 2021 - Siltronic, one of the technology leaders in silicon wafer manufacturing, broke ground for its new manufacturing facility at JTC's Tampines Wafer Fab Park in Singapore. In partnership with the Singapore Economic Development Board (EDB), Siltronic's investment of around EUR 2 billion (equivalent to nearly SGD 3 billion) until the end of 2024 will play an important role in meeting the growing semiconductor demand.

Singapore's Minister for Trade and Industry, Mr. Gan Kim Yong was the Guest-of-Honour at the ground breaking ceremony. He was accompanied by Siltronic CEO, Dr. Christoph von Plotho, EDB Managing Director, Ms. Jacqueline Poh, and Siltronic Site President in Singapore, Mr. Niew Bock Cheng.

"We support the expansion plans of our valued customers by adding a new 300 mm fab in Singapore. With the decision to invest in this cost-efficient facility, we are setting the course for Siltronic's continued successful future.", says Christoph von Plotho.

The global demand for semiconductor devices is growing continuously. Silicon wafers are the base material for these devices. Wafer supply is already tight and is expected to become even tighter in the next years. In order to meet the increasing customer demand, Siltronic will expand its capacity as existing fabs are already fully utilized.

Siltronic started its operations in JTC's Tampines Wafer Fab Park in 1999 with the manufacturing of 200 mm silicon wafers. In 2006, Siltronic added a second fab under a joint venture with Samsung Electronics for the manufacturing of 300 mm silicon ingots and wafers.

The new 300 mm fab under the joint venture with Samsung will be the most advanced wafer facility of the Siltronic Group, producing crystal ingots as well as polished and epitaxial wafers. It will strengthen Siltronic Singapore as a key production hub within Siltronic's production network. About 600 new jobs for professionals, engineers, technicians and skilled workers will be created.

"This is the largest investment in the history of Siltronic. With the new leading-edge production capacities, we will further strengthen our position as one of the technology leaders. This investment also demonstrates our long-term commitment in Singapore.", continues von Plotho.

Ms Jacqueline Poh from the EDB added: "We are committed to support the growth of the semiconductor industry in Singapore with industry leaders like Siltronic. Siltronic's decision to site its largest and most advanced manufacturing facility in Singapore is a testament to our attractiveness as a global node for semiconductors. The new fab will further strengthen our semiconductor industry and create good job opportunities in Singapore.

 

Contact:
Dr. Rupert Krautbauer
Head of Investor Relations & Communications
Tel: +49 (0)89 8564 3133
E-mail: [email protected]

Company profile:

Siltronic is one of the world's largest manufacturers of hyperpure silicon wafers and partner to many leading semiconductor companies. The company operates production sites in Asia, Europe and the USA. Siltronic develops and manufactures silicon wafers in diameters of up to 300 mm. Silicon wafers form the basis for modern microelectronics and nanoelectronics and are a key component in semiconductor chips driving computers, smartphones, navigation systems and many other applications. Siltronic AG employs around 3,900 people and is a stock-listed company in Germany (Prime Standard). Siltronic shares are included in the SDAX and TecDAX.



26.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Siltronic AG
Einsteinstr. 172
81677 Munich
Germany
Phone: +49 89 8564 3133
Fax: +49 89 8564-3904
E-mail: [email protected]
Internet: www.siltronic.com
ISIN: DE000WAF3001
WKN: WAF300
Indices: SDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange
EQS News ID: 1243574

 
End of News DGAP News Service

1243574 26.10.2021 

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