ASM International NV Singapore,
ASM International N.V. (Euronext Amsterdam: ASM) officially unveiled its state-of-the-art Singapore manufacturing facility and operations hub today and announced the groundbreaking of a second manufacturing floor at the site. The opening ceremony was attended by Singapore Minister for Manpower and Second Minister for Trade and Industry, Dr Tan See Leng, and by representatives of JTC Corporation and of the Singapore Economic Development Board.
ASM’s Singapore expansion comes amidst recent global chip shortages, and will enable ASM to capitalize on surging demand brought on by accelerated digitalization trends. The facility, including the first manufacturing floor, was completed at the end of 2020. Including the second manufacturing floor, that will be production-ready early 2023, ASM’s capacity in Singapore will quadruple, and global capacity will more than triple. At the Singapore facility ASM assembles and tests its advanced deposition tools, including ALD and Epi, that are critical for the production of leading-edge semiconductor devices.
The design of the new facility allows for a more efficient manufacturing flow, and a higher level of flexibility, which has been particularly beneficial to cope with the challenges of the industry supply chain constraints recently.
“This strategic investment is increasing our ability to meet our customers’ demand and to support them transitioning to the next technology nodes,” said ASM International President and CEO Benjamin Loh. “The expansion of our second floor will further provide us with the flexibility to grow our revenue to our previously communicated target of €2.8-3.4 billion by 2025, a CAGR of 16%-21% over a five-year period. Our investment in Singapore is an important step that will help us position as a technology leader in the pursuit of our Growth through Innovation strategy.”
Second Minister Dr Tan See Leng commented: “Beyond boosting its manufacturing capabilities and capacity, ASM’s expansion will also advance Singapore’s semiconductor sector by creating many new jobs and business opportunities. We stand ready to continue partnering companies like ASM to grow their manufacturing footprint in Singapore and bolster Singapore’s position as an advanced manufacturing hub.”
Mr Tan Kong Hwee, Executive Vice President of Economic Development Board commented: “We are delighted that ASM has chosen Singapore for a major expansion of their global production capacity. The semiconductor sector is a key pillar of Singapore’s manufacturing industry with a diverse range of capabilities, including IC design, equipment, R&D and advanced manufacturing. We look forward to ASM’s growth and the creation of new business and job opportunities in this rapidly growing sector.”