Now the tiny state processes up to 5% of silicon wafers in the world.
In an interview with Bloomberg, an official in charge of Singapore’s economic development said that this state is aware of the increase in competition in the global semiconductor market, which will arise due to the allocation of about $ 52 billion by the US authorities in subsidies for the development of industries within the country.
Image Source: Micron Technology
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Now, according to Beh Swan Gin, Singapore provides up to 5% of the volume of processing of all silicon wafers in the world, and last year the volume of investment in fixed assets in its territory reached a record $17 billion. It is unlikely that the result will be repeated this year. year, but the country’s authorities are counting on the continuation of the trend towards the emergence of new semiconductor industries and chip developers in Singapore. Singapore will not be able to significantly increase its share in the world market, even if it is the strength of a modest territory with rather expensive land, but the authorities would very much like to hold their positions.
