Singapore will be looking to win its “fair share” of investments in semiconductor assembly and integrated circuit design, a top official said, amid a growing geopolitical divide between the US and China over trade and technology.
The city-state will be focusing on the semiconductor value chain of activities, Beh Swan Gin, chairman of Singapore’s Economic Development Board, said in an interview with Bloomberg Television’s Haslinda Amin on Monday, as he discussed the fallout of the US’s so-called CHIPS Act aimed atThe move by President Joe Biden’s administration is a “muscular industrial policy to bring back manufacturing and technology development to the US”, Beh said.
“We will have to take it as it is and we will do our best to secure our fair share,” he said, noting separately that Singapore currently accounts for about 5% of the global wafer fabs output. in fixed-asset investment commitments, thanks to what Beh described as an “unprecedented semiconductor super-cycle”.
“We are a small country, so in a way the share of the pie that we need to ensure to continue to develop our economy is relatively small,” Beh said.
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