Singapore prepares more land to woo
semiconductor giants looking to ride AI wave
- Singapore is expanding its semiconductor industry by increasing land in wafer fabrication parks
- The semiconductor sector employs 35,000 people and contributes 20% to the country’s manufacturing output
- Nine of the top 15 semiconductor firms are already operating in Singapore
- GlobalFoundries recently expanded its facility to boost chip production amid rising demand
- Singapore is offering additional services, like childcare and retail, to attract businesses to innovation districts
Singapore is working to expand its chip-making industry by increasing the land available for semiconductor companies. The country plans to add 11% more land in its wafer fabrication parks to attract major semiconductor companies, especially as demand grows with advancements in artificial intelligence. The semiconductor sector is vital to Singapore’s economy, employing around 35,000 people and making up almost 20% of its manufacturing output.
Nine of the top 15 semiconductor firms already have operations in Singapore, including companies like Micron and Siltronic. These firms are located in four wafer fabrication parks covering 374 hectares, the size of over 500 football fields. To support further growth, a new plot of land, ready by the end of the year, will offer customized roads and infrastructure to companies setting up there.
One major player, GlobalFoundries, expanded its facility in Singapore to meet growing demand. The company manufactures chips for various industries, including mobile devices and automotive, and it relies on Singapore’s strong supply network and infrastructure. As global demand for semiconductors is expected to almost double, companies like GlobalFoundries see Singapore as a key location for future growth.
To stay competitive, Singapore is also offering other services in business parks like the Jurong Innovation District, which includes amenities like food services and childcare. These efforts are designed to create vibrant environments that support both businesses and their workers.
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