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
Add BT as a preferred source
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?
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Rare brutalist Singapore house opens to the public before changing hands
