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Singapore's Keppel inks power supply deal with chipmaker GlobalFoundries

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In 2023, GlobalFoundries opened a $4 billion facility in Singapore. (Photo: GlobalFoundries)

The infrastructure unit of global asset manager Keppel Cooperation will supply electricity to the Singapore operations of semiconductor manufacturing giant GlobalFoundries under a multi-year agreement, the group said on Jan 9.

The collaboration is a testament to the key role of reliable and sustainable energy in powering the advanced manufacturing procedures in the semiconductor industry, known for its energy-intensive operations.

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