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Singapore is benefiting from the US-China discord in at least one respect: semiconductor sales.
Bloomberg
TSMC is considering building a semiconductor factory in Singapore to help address a global supply shortage, according to people familiar with the matter.
Wall Street Journal
Globalfoundries will invest US$1.4 billion this year to raise output at three factories in the US, Singapore and Germany, as a global shortage of semiconductors has boosted demand for chips, its chief executive said.
The Star Online
German microchip maker Infineon Technologies will spend $27 million over the next three years to make Singapore its first global hub to see artificial intelligence (AI) embedded in every job function.
The Straits Times
Singapore's economy contracted by 5.8% in the third quarter compared to a year ago - coming in better than initial estimates, the country's Ministry of Trade and Industry said on Monday.
CNBC
Singapore on Thursday announced a new work visa for foreign executives of technology firms, a sector the low-tax global business hub hopes will power future economic growth.
Reuters
Singapore's economy contracted 7.0 per cent year on year in the third quarter, but grew 7.9 per cent on a quarterly, seasonally adjusted basis
South China Morning Post
Apple is going big in Singapore.
CNN
The eye-catching dome will be part of the Marina Bay Sands resort.
engadget
The coronavirus pandemic has thrown into sharp focus the role of government in supporting the economy during periods of crises.
CNBC
Singapore's economy slipped into recession in the second quarter, contracting by a record 41.2% from the previous three months and is facing its biggest slump ever this year as coronavirus lockdown steps hammer the trade-reliant city-state.
Reuters
Singapore Telecommunications' subsidiaries have secured close to $3 billion in bank credit facilities, it said on Friday.
Reuters
Singapore's Prime Minister Lee Hsien Loong on Friday announced stricter social distancing measures in the city state.
CNBC
Singapore launched a contact-tracing smartphone app to allow authorities to identify those who have been exposed to people infected with coronavirus as part of efforts to curb the spread of the disease.
Reuters
Singapore has reported one of the highest numbers of confirmed coronavirus cases outside China.
CNBC
Singapore's central bank on Sunday said it had advised financial institutions in the city-state to take additional measures and precautions after the government raised its coronavirus alert level.
Reuters
With the launch of its national artificial intelligence (AI) strategy, alongside a slew of initiatives, the Singapore government aims to fuel AI adoption to generate economic value and provide a global platform on which to develop and testbed AI applications.
ZDNet
Singapore's economy contracted 3.3% in the second quarter of 2019, final official data showed on Tuesday, and the government cuts its full-year growth forecast range.
Reuters
Caught between a Sino-US trade war, political concerns over Chinese telecoms firm Huawei and slowing consumer demand, chipmakers in Singapore have started slowing production and laying off hundreds of jobs.
The Star Online
Bill passes that forces media to correct or remove content the government considers to be false
The Guardian
Facebook's first Asian datacenter will be in Singapore
Venturebeat
United Microelectronics Corporation has announced that its Singapore-based Fab 12i has been awarded the Water Efficiency Award by the Singapore Ministry of Environment and Water Resources. Fab 12i became the only Singapore fab to win the award from the Wafer Fabrication sector.
Company release
Austrian chip maker AMS said on Tuesday it saw potential for strong revenue growth in 2017 helped by its acquisition of optical sensor maker Heptagon in Singapore, sending it shares up nearly 19%.
Reuters
One97 Communications, which runs mobile payment and ecommerce platform Paytm, is in advanced talks to raise fresh funding of about Rs 2,000 crore ($300 million) from Taiwanese semiconductor maker MediaTek, Goldman Sachs, Singapore's Temasek and other investors, according to two persons with knowledge of the development.
Economic Times
Singapore is rushing to reinvent itself as Asia's financial technology, or fintech, hub to fend off a regulatory threat to its wealth management industry and revive a sluggish economy.
Reuters
Japan's electronics giant Panasonic plans to sell its two plasma display plants at its Amagasaki site in Hyogo Prefecture, western Japan, to a Singapore-based investment firm, according to The Nikkei.
Nikkei.com
Aabid Husain, who was vice president of worldwide business development and marketing at Globalfoundries based at its 200mm wafer fab campus in Singapore, has joined Cricket Semiconductor as chief marketing officer.
EE Times
Apple has announced Apple Watch will be available in Italy, Mexico, Singapore, South Korea, Spain, Switzerland and Taiwan beginning Friday, June 26 from the Apple Online Store (www.apple.com), Apple's retail stores and select Apple Authorized Resellers.
Company release
Singapore's Flextronics International is in advanced talks to buy part of the Chinese business of Alcatel-Lucent, the French telecoms firm currently being taken over by Nokia, two people told Reuters.
Reuters
Singapore unexpectedly eased monetary policy, sending the currency to the weakest since 2010 against the US dollar as the country joined global central banks in shoring up growth amid dwindling inflation.
Bloomberg
International Rectifier (IR) has commenced initial production at its new ultra-thin wafer processing facility in Singapore. Wafer thinning, metallization, testing and additional proprietary wafer level processing are undertaken at the new 60,000 square foot manufacturing site which receives processed wafers from IR's internal fabs and foundry partners.
Company release
Panasonic plans to sell three chip-assembly plants in Southeast Asia to Singapore's United Test and Assembly Center (UTAC), sources familiar with the matter said on Friday, as part of Panasonic's global reorganisation.
Reuters UK
Taiwan signed its biggest trade deal yet with a country that has diplomatic ties with Beijing, as the island tries to integrate its economy with the rest of Asia's and to diversify economic allies beyond China.
Bloomberg
NXP Semiconductors has strengthened its presence in Asia by establishing Singapore as its global headquarters.
Company release
Micron Semiconductor Asia is laying off some 150 staff in Singapore. That is about 2% of its 7,500-strong workforce here.
Channel News Asia
Despite long term plans for expansion in Singapore, foundry chipmaker Globalfoundries said that it is cutting 300 jobs there due to a "softening of the current macro-economic climate."
EE Times
China's low-cost smartphone maker Xiaomi will look to expand its busines beyond the domestic market to Taiwan, Hong Kong and Singapore via online sales, but it will steer clear of producing tablet devices.
ZDNet
A growing economy typically should see wages grow faster than inflation. This has been the case for most of Taiwan's peers: From 2000 to 2011, real wages - or wages minus inflation - rose an average of 3.8% a year in South Korea, 1.8% in Singapore and 0.8% in Hong Kong. But in Taiwan, workers' real salaries have actually seen zero growth in that time period.
Wall Street Journal
Micron Technology has acquired Intel's 18% interest in IM Flash Singapore and the assets of IM Flash Technologies located at Micron's Virginia wafer fab. At the same time the scope of the JV between Intel and Micron has been expanded to include certain emerging memory technologies and Intel has prepaid US$300 million against future purchases of NAND flash memory.
EE Times
Company release
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