Foreign chip makers stay on track with major projects in Singapore

A screen displays the company logo for semiconductor and chipmaker GlobalFoundries Inc. during the company's IPO at the Nasdaq MarketSite in Times Square in New York City, U.S., October 28, 2021. REUTERS/Brendan McDermid

SINGAPORE: Foreign chip makers and related firms here are sticking to their expansion plans despite Washington’s efforts to keep cutting-edge chips out of China and woo investments back to the United States, experts said.

Companies including New York-based GlobalFoundries and Dutch firm ASML said they expect that the impact of the new US rules imposed in 2022 will be manageable.