Industrial property market shifts into lower gear, but bright spots remain

On Dec 4, VisionPower Semiconductor Manufacturing Company (VSMC) broke ground on a new US$7.8 billion ($10.5 billion) wafer manufacturing facility in Tampines. The plant, slated to begin initial production in 2027, is expected to produce 55,000 wafers per month by 2029 and create about 1,500 jobs. VSMC is a 60:40 joint venture between Taiwan’s Vanguard […]