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Singapore wants to profit from US and China tensions
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Singapore wants to profit from US and China tensions
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14th February 2023, 14:12
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 149,013
 |  Singapore wants to profit from US and China tensions Wants to attract chip money With the US and China squabbling over chip designs and other countries concerned about an imagined chip shortage and flinging money at super rich chip makers, Singapore wants its share. According to the Economic Development Board (EDB) chairman Dr. Beh Swan Gin, Singapore will focus on the semiconductor value chain of activities and secure its fair share of investments. Singapore attracted a record $22.5 billion in fixed asset investment commitments in 2022 in addition to design-related chip jobs that are growing steadily. Dr. Beh added, "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." https://fudzilla.com/news/56322-sing...china-tensions |
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