1. VSMC, a joint venture between Vanguard International Semiconductor Corporation and NXP Semiconductors, celebrated the groundbreaking of its new 300mm wafer manufacturing facility in Singapore. 2. The facility is expected to start production in 2027 and reach an output of 55,000 300mm wafers per month by 2029. 3. The new fab will support NXP's growth plans and contribute to the development of the semiconductor industry.