Singapore enhances semiconductor production capacity – http://en.vietnamplus.vn/
Singapore is looking to expand the production of a wide range of chips for mobile phones or computers through policies and incentives.
Hanoi (VNA) – Singapore is looking to expand the production of a wide range of chips for mobile phones or computers through policies and incentives.
The government industrial planner JTC said it is preparing 11% more land in Singapore’s wafer fabrication parks in a bid to attract more top semiconductor giants and ride the artificial intelligence (AI) wave.
JTC is a Singaporean government agency responsible for the development of industrial infrastructure to support and catalyse the development of industries and transform existing businesses in the country.
Manufacturing is Singapore’s largest industry by far, representing a significant component of its gross domestic product – more than 20%. Meanwhile, the semiconductor sector employs more than 18,000 people and accounts for almost 20% of the city state’s manufacturing output.
Currently, nine out of the 15 top semiconductor firms have set up bases in Singapore, including American chipmaker Micron and German wafer manufacturer Siltronic.
These semiconductor firms are currently clustered in four wafer fabrication parks that span 374 ha, the size of more than 500 football fields. These parks are in Pasir Ris, Tampines, Woodlands and the North Coast, with JTC being the master planner and developer of the land./.
The Vietnam Trade Office in Singapore has advised Vietnamese exporters to carefully study and keep updated on new regulations in Singapore, a market that is becoming more cautious in trade policy, in order to further exploit this market.
New diesel cars and taxis will no longer be registered in Singapore starting January 1, 2025, as part of the Government’s efforts to have all vehicles on the streets of the city-state running on cleaner energy by 2040.
Singapore is seeking to make it easier for law enforcement to prosecute money laundering offences in the city state, the country’s Ministry of Home Affairs said.
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