ST to invest US$1.2 billion more in Singapore

December 6, 2004 – European semiconductor maker STMicroelectronics (ST) plans to invest an additional US$1.2 billion over the next two years in Singapore, company officials said Friday, according to the Agence France-Presse.

Most of the new investment is aimed at expanding the manufacturing capacity of its Asia-Pacific headquarters, which now accounts for more than 40% of the French-Italian firm’s global sales. The money will be in addition to US$2.9 billion the company has already put into the city-state, where it employs some 7400 workers, mostly at its ST TechnoPark complex.

At full capacity, ST’s four plants in the TechnoPark are capable of producing up to 120,000 wafers/week. The chips produced by ST, which has operated here since 1969, are used in industrial and everyday applications like computer peripherals as well as telecommunications, consumer, and automotive products.


Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.