DGAP-News: Siltronic AG / Key word(s): Expansion/Miscellaneous Siltronic AG breaks ground for a new fab in Singapore 2021-10-26 / 12:03 The issuer is solely responsible for the content of this announcement.

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Press Release Siltronic AG Einsteinstr. 172 81677 Munich Germany www.siltronic.com

Siltronic breaks ground for a new fab in Singapore Munich/Singapore, October 26, 2021 - Siltronic, one of the technology leaders in silicon wafer manufacturing, broke ground for its new manufacturing facility at JTC's Tampines Wafer Fab Park in Singapore. In partnership with the Singapore Economic Development Board (EDB), Siltronic's investment of around EUR 2 billion (equivalent to nearly SGD 3 billion) until the end of 2024 will play an important role in meeting the growing semiconductor demand.

Singapore's Minister for Trade and Industry, Mr. Gan Kim Yong was the Guest-of-Honour at the ground breaking ceremony. He was accompanied by Siltronic CEO, Dr. Christoph von Plotho, EDB Managing Director, Ms. Jacqueline Poh, and Siltronic Site President in Singapore, Mr. Niew Bock Cheng. ?? "We support the expansion plans of our valued customers by adding a new 300 mm fab in Singapore. With the decision to invest in this cost-efficient facility, we are setting the course for Siltronic's continued successful future.", says Christoph von Plotho.

The global demand for semiconductor devices is growing continuously. Silicon wafers are the base material for these devices. Wafer supply is already tight and is expected to become even tighter in the next years. In order to meet the increasing customer demand, Siltronic will expand its capacity as existing fabs are already fully utilized.

Siltronic started its operations in JTC's Tampines Wafer Fab Park in 1999 with the manufacturing of 200 mm silicon wafers. In 2006, Siltronic added a second fab under a joint venture with Samsung Electronics for the manufacturing of 300 mm silicon ingots and wafers.

The new 300 mm fab under the joint venture with Samsung will be the most advanced wafer facility of the Siltronic Group, producing crystal ingots as well as polished and epitaxial wafers. It will strengthen Siltronic Singapore as a key production hub within Siltronic's production network. About 600 new jobs for professionals, engineers, technicians and skilled workers will be created.

"This is the largest investment in the history of Siltronic. With the new leading-edge production capacities, we will further strengthen our position as one of the technology leaders. This investment also demonstrates our long-term commitment in Singapore.", continues von Plotho.

Ms Jacqueline Poh from the EDB added: "We are committed to support the growth of the semiconductor industry in Singapore with industry leaders like Siltronic. Siltronic's decision to site its largest and most advanced manufacturing facility in Singapore is a testament to our attractiveness as a global node for semiconductors. The new fab will further strengthen our semiconductor industry and create good job opportunities in Singapore.

Contact: Dr. Rupert Krautbauer Head of Investor Relations & Communications Tel: +49 (0)89 8564 3133 E-mail: investor.relations@siltronic.com

Company profile:

Siltronic is one of the world's largest manufacturers of hyperpure silicon wafers and partner to many leading semiconductor companies. The company operates production sites in Asia, Europe and the USA. Siltronic develops and manufactures silicon wafers in diameters of up to 300 mm. Silicon wafers form the basis for modern microelectronics and nanoelectronics and are a key component in semiconductor chips driving computers, smartphones, navigation systems and many other applications. Siltronic AG employs around 3,900 people and is a stock-listed company in Germany (Prime Standard). Siltronic shares are included in the SDAX and TecDAX.

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2021-10-26 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language:     English 
Company:      Siltronic AG 
              Einsteinstr. 172 
              81677 Munich 
              Germany 
Phone:        +49 89 8564 3133 
Fax:          +49 89 8564-3904 
E-mail:       investor.relations@siltronic.com 
Internet:     www.siltronic.com 
ISIN:         DE000WAF3001 
WKN:          WAF300 
Indices:      SDAX, TecDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Stuttgart, Tradegate Exchange 
EQS News ID:  1243574 
 
End of News   DGAP News Service 
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1243574 2021-10-26

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(END) Dow Jones Newswires

October 26, 2021 06:03 ET (10:03 GMT)