Chip manufacturers and semiconductor production equipment suppliers are increasing the output in Singapore to meet the growth of medium- and long -term demand for semiconductors and decentralized supply chain risks, reports Nikkei Asia.
US semiconductor equipment manufacturer Applied Materials has begun to build a factory worth about $ 450 million in Singapor, and French substrate manufacturer Solitec will invest about $430 million to double the production capacity of Singapore’s wafer fab.
Nikkei reports that U.S.-based contract chipmaker GlobalFoundries is also building a $4 billion plant in Singapore.
Glyn Truscott, a director of Bain & Co., said one reason for Singapore’s popularity was its “sizable ecosystem of suppliers and partners stationed here.”
Nikkei says that Singapore’s government is also working hard to lure investment by offering tax breaks and land, and supporting research and development.
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