SINGAPORE will still be a hotspot for the semiconductor industry, Deputy Prime Minister Heng Swee Keat has said - in spite of a chipmaking decline that saw the economy grind to a halt in the second quarter. Noting that new technologies such as artificial intelligence, the Internet of Things and 5G bode well for chip demand, Mr Heng, who is also the finance minister, said that "Singapore is well positioned to meet the rise in long-term global demand" for semiconductor chips. He was speaking on Wednesday at the opening of American semiconductor giant Micron Technology’s wafer fab expansion in the north of Singapore. "While the global demand for semiconductors has weakened this year, we must continue to invest for the longer term and strengthen our ecosystem," said Mr Heng. "This way, we will be ready to harness new opportunities when the global demand picks up." Click Here For Complete Article Text
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