Does Singapore have the stomach to back a local chip player?
Without a national champion, the Republic’s semicon industry is dependent on foreign giants
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THE semiconductor industry is a major contributor to Singapore’s economy, accounting for 8 per cent of gross domestic product – yet, it has no national champion.
This is in stark contrast to other key sectors, such as finance or oil and gas, which have local players that are bound tightly to the nation such as DBS and Seatrium, respectively.
Amid turbulent times for the global semiconductor scene, one might ask: Could semicon giants someday abandon Singapore?
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