【World Advanced and NXP's Joint Venture Wafer Factory in Singapore Groundbreaking Expected to Achieve Mass Production in 2027】Jin Ten Data, December 4 - World Advanced released a press release stating that World Advanced and NXP (NXPI.O) held a groundbreaking ceremony today for the 12-inch wafer factory of their joint venture, VSMC, in Singapore. The first 12-inch wafer factory of VSMC is expected to achieve mass production in 2027, with a monthly capacity reaching 55,000 wafers by 2029, estimated to create about 1,500 jobs. After the mass production of the first 12-inch factory, World Advanced and NXP will evaluate the construction of a second wafer factory. World Advanced and NXP announced the establishment of the VSMC joint venture in Singapore on June 5 of this year, with a total investment of approximately 7.8 billion USD. (Source: Jin Ten Data)