In mid September, GlobalFoundries, the world’s third-largest contract chip manufacturer, opened its new 23,000 square meter plant in a surprising location. Not the U.S., which is offering $52 billion in subsidies for domestic chip manufacturing. Not Japan nor Germany with their similar industrial policies. Not Taiwan, the home of the world’s most advanced chip plants from firms like Taiwan Semiconductor Manufacturing Company.
Instead, the facility—coming with 1,000 new high-skilled jobs—opened in Singapore, the small and highly-developed Southeast Asian country of just under six million.
