GLOBALFOUNDRIES Strengthens Presence in Asia through Regional Headquarter Status in Singapore
- First regional headquarters office outside of United States
- Shared global services and management of regional subsidiaries to better serve customers throughout Asia and other geographies
- Committed to growing success in Asia and global semiconductor sector
Singapore, December 1, 2015 — GLOBALFOUNDRIES, a leading provider of semiconductor manufacturing technology, today announced that its subsidiary, GLOBALFOUNDRIES Singapore Pte. Ltd., has received the Regional Headquarters (RHQ) award by the Singapore Economic Development Board (EDB).
The RHQ status is granted by EDB to companies that that demonstrate their commitment to manage their regional headquarters with substantial investments in Singapore. The RHQ status offers various incentives, including tax benefits.
"Receiving the RHQ status for our Singapore site is a testament of our long term commitment to the region and enables us to deeply anchor our relationships in Asia Pacific, " said Mr. KC Ang, Senior Vice President and General Manager of GLOBALFOUNDRIES Singapore Operations. "We appreciate the long-standing support from the Singapore EDB, and we look forward to continuing our success in this region and growth in the global semiconductor sector."
In line with the RHQ status, GLOBALFOUNDRIES Singapore conducts activities in general management and administration, strategic business planning and development, marketing and sales in key Asian markets. In addition, the Singapore site is offering its expertise in advanced technology design and enablement, IT application services and finance control and administration to GLOBALFOUNDRIES’ other global locations, including its manufacturing sites in Germany and the U.S.A.
"We are pleased that GLOBALFOUNDRIES has chosen Singapore as its regional headquarters outside of the USA," said Mr. Yeoh Keat Chuan, Managing Director of the Singapore Economic Development Board. "GLOBALFOUNDRIES’s decision is a testament to Singapore’s value as a location from which companies can manage and grow their businesses in Asia. We look forward to further strengthening our long partnership with GLOBALFOUNDRIES."
GLOBALFOUNDRIES is the world’s first full-service semiconductor foundry with a truly global footprint. Launched in March 2009, the company has quickly achieved scale as one of the largest foundries in the world, providing a unique combination of advanced technology and manufacturing to more than 250 customers. With operations in Singapore, Germany and the United States, GLOBALFOUNDRIES is the only foundry that offers the flexibility and security of manufacturing centers spanning three continents. The company’s 300mm fabs and 200mm fabs provide the full range of process technologies from mainstream to the leading edge. This global manufacturing footprint is supported by major facilities for research, development and design enablement located near hubs of semiconductor activity in the United States, Europe and Asia. GLOBALFOUNDRIES is owned by the Mubadala Development Company. For more information, visit http://www.globalfoundries.com.