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Manufacturing Tech Investments Activity
Singapore bouncing back as a semiconductor hub is a very interesting development. Singapore was among the first few countries who developed manufacturing capabilities in this sector, way back in 1986, and was a front runner in terms of investments and revenues from this sector. It helped put Singapore in the Global Tech map. However, from the late 1990s and early 2000s this sector had taken a relative backseat as compared to the US, Taiwan, South Korea, China etc. Contribution to value addition in this sector had ebbed considerably during those years.
A quick view of EDB data reveals (graph below) how Singapore is re-establishing itself as a semiconductor hub. Value addition has been progressively increasing and very recently considerable new investments are coming in from companies such as Applied Materials, Soitec, Global Foundries (see the Nikkei article – https://lnkd.in/gNsAtn3B) Geo-politics, coupled with already well established ecosystem of suppliers and logistics providers are definitely helping in terms of Singapore integrating well with the global semiconductor value chains #manufacturing #tech #investments #semiconductor
