Taiwan's VIS (Vanguard International Semiconductor) Corporation recently announced that the company has bought GlobalFoundries’ 200 mm fab located in Singapore for US$ 236 million  (TW$7.2 billion; US$1 = TW$30.38), with an aim to cover the unmet capacity needs, the United Daily News recently reported. The transaction includes all machinery equipment, buildings, facilities, and intellectual property associated with GF's MEMS (Microelectromechanical Systems). VIS stressed that the deal will be completed on December 31, 2019, to ensure a smooth technology transition and transfers for customers of both sides. In addition to a monthly capacity of approximately 35,000 8-inch wafers from the new fab, VIS will be able to churn out more than 400,000 8-inch wafers per month.