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The many valuable returns of R&D investments

The importance of science and talent for Singapore cannot be understated, as they form the bedrock upon which impact is created and delivered.

Singapore's semiconductor industry is a fine example of public R&D investment paying off in multiple ways for society and the economy.

LOCAL industrial output has been tepid for some quarters, reflecting weak external demand. Just about the sole bright spark comes from the electronics sector, which has managed a near-9 per cent growth in the first eight months of 2016, propped up by the semiconductor industry. The local