27 February 2023
Under the Radar: GlobalFoundries Singapore on global chip supply, US-China tensions and the impact of near-shoring and friend-shoring of supply chains on the global supply chain landscape, Global Semiconductor Market to reach USD 712.4 Billion by 2028
We’ll talk all about semiconductors manufacturers as the industry continues to face a number of headwinds including a pandemic induced supply shortage.
According to Auto Forecast Solutions, almost 18 million vehicles will have been removed from production plans by the end of 2023 since the chip shortage started.
And with US-China’s geopolitical tensions at the top of minds of industry players, how would that reshape the global supply chain for semiconductor chips,as companies adopt more onshoring and friend-shoring of supply chains?
What will this mean for Taiwan, South Korea, Japan and mainland China, which accounted for over 70% of global production in 2020, according to S&P Market Intelligence? What is the impact on Singapore’s semiconductor manufacturers then?
On Under the Radar, Drive Time’s finance presenter Chua Tian Tian posed these questions to Tan Yew Kong, Senior Vice-President and General Manager, Globalfoundries Singapore.

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