Vanguard and NXP Secure Approval for $7.8B 300mm Wafer Fab Joint Venture
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Vanguard International Semiconductor Corporation and NXP Semiconductors have secured approvals for their $7.8 billion joint venture to establish a 300mm wafer fab in Singapore.
September 04, 2024 | 9:03 am
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NXP Semiconductors has secured necessary approvals for a $7.8 billion joint venture with Vanguard to build a 300mm wafer fab in Singapore, potentially boosting its production capabilities.
The approval of the joint venture with Vanguard is a significant step for NXP, as it will enhance its production capabilities with a new 300mm wafer fab. This development is likely to positively impact NXP's stock in the short term due to the potential for increased production and market share.
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