Siltronic 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. 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.