ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

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.

Although it is known in Asia as a prominent financial and technology hub, Singapore's peers in the region dwarf it in chipmaking. The city-state is attempting to shore up its electronics sector, having set a target to grow its manufacturing industry by 50% by 2030, with the semiconductor segment featuring strongly in the effort. Foreign investment will play a key role in reaching the target.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more