Semiconductor firm UMC opens new facility in Singapore, expects to create 700 jobs

SINGAPORE - United Microelectronics Corp (UMC), a major chipmaker, on April 1 opened a new facility in Singapore that is expected to create about 700 jobs over the next few years.

The Taiwanese global semiconductor foundry said the advanced fabrication facility, or fab, in Pasir Ris will be injected with up to US$5 billion (S$6.7 billion) to bring the first of two planned phases of its development to the full capacity of 30,000 wafers a month.