VIS, a Taiwanese specialized IC foundry service provider, and NXP, a Dutch semiconductor designer and manufacturer, agreed to form VisionPower Semiconductor Manufacturing Company in a $7.8bn deal, to build a new 300mm semiconductor wafer manufacturing facility in Singapore. “NXP continues to take proactive actions to ensure it has a manufacturing base which provides competitive cost, supply control, and geographic resilience to support our long-term growth objectives. We believe VIS is well suited and fully understands the complexities involved in building and operating together with NXP a 300mm analog mixed signal fab. The joint venture partnership we intend to create with VIS perfectly aligns within NXP’s hybrid manufacturing strategy,” Kurt Sievers, NXP President and CEO.