Over the past decades, Singapore has quietly become a semiconductor powerhouse, accounting for 10% of the global chip production and about a fifth of the world’s chipmaking gear, according to the Economic Development Board. The island already hosts plants for blue-chip US manufacturers including memory-chip specialist Micron, outsource manufacturer GlobalFoundries and fabrication-equipment supplier Applied Materials. Now it’s pushing harder into cutting edge research and manufacturing to keep up in the AI era. PM Wong pledged to spend about S$1 billion ($747 million) on a new chip-research facility
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