Deputy Prime Minister Heng Swee Keat has said that Singapore is well positioned to meet the global demand for semiconductors - a key driver of the country's growth - after a multibillion-dollar investment here even though the industry is facing challenging times.. Read more at straitstimes.com.
Deputy Prime Minister Heng Swee Keat has said that Singapore is well positioned to meet the global demand for semiconductors - a key driver of the country's growth - after a multibillion-dollar investment here even though the industry is facing challenging times.
He said recent forecasts suggest that global demand could return to modest growth next year, and expand at between 2 per cent and 9 per cent annually in the following years. He cited Micron, whose major investment will not just ramp up its capacity to produce new flash memory structures, but also see it raise its staff strength as the new facility goes online.We will need to continue to strengthen our semiconductor ecosystem. This includes closer collaboration between manufacturers and their suppliers. We must continue to invest for the longer term... This way, we will be ready to harness new opportunities when the global demand picks up.
Mr Ang Wee Seng, executive director of the Singapore Semiconductor Industry Association, said the slump has been worsened by the trade tensions.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SAP launches Singapore accelerator for SE Asian enterprise tech start-upsSINGAPORE - German software giant SAP aims to groom South-east Asian start-ups specialised in enterprise tech, with the launch of its first accelerator in Singapore on Tuesday (Aug 13).. Read more at straitstimes.com.
Read more »
China's tech firms to post slower June-quarter growth on sagging demandChina's top technology, e-commerce and consumer electronic firms are set to report a sharp slowdown in revenue growth for the June quarter, as a ...
Read more »
US FTC chief says prepared to break up big tech firms: BloombergU.S. Federal Trade Commission is prepared to break up major technology platforms if necessary by undoing their past mergers, Chairman Joe Simons ...
Read more »
Tech leads Wall Street higher as tariff delay sparks rallyU.S. stocks turned sharply higher on Tuesday after the U.S. Trade Representative said additional tariffs on some Chinese goods, including cell ...
Read more »
US FTC chief says regulator is prepared to break up big tech firms: BloombergThe U.S. Federal Trade Commission is prepared to break up major technology companies if necessary by undoing past mergers, Chairman Joe Simons ...
Read more »
US: Tech leads Wall Street higher as tariff delay sparks rally[NEW YORK] US stocks closed higher on Tuesday after an announced delay of planned tariffs on some Chinese imports brought buyers back to the equities market in a broad-based rally. Read more at The Business Times.
Read more »