The chip industry contributes about 8% to Singapore’s gross domestic product and represents 10% of jobs in the manufacturing sector. — The Straits Times
SINGAPORE: New US export restrictions on semiconductors are unlikely to mar Singapore’s standing as a resilient manufacturing hub, but firms here could still take a hit from brewing trade tensions and technology competition.
Industry experts said the ever-expanding curbs could threaten the financial health of chipmakers and inadvertently endanger the fate of investments in Singapore as well.
