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Semiconductors

Singapore plays catch-up with Taiwan as chip investments soar

City-state gains from supply chain diversification drive but lags Asian peers

U.S. semiconductor giant GlobalFoundries will invest over $4 billion in its Singapore plant, increasing its capacity to about 1.5 million wafers per year.   © GlobalFoundries

SINGAPORE -- Singapore has unveiled billions of dollars of semiconductor-related investments over the past year - but it still has far to go if it wants to match Taiwan and other chipmaking powerhouses in Asia.

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