Prospect for Singapore semiconductor industry very bright, says Chan Chun Sing

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In the first six months of 2020, the semiconductor industry's output increased 1.7% year-on-year.. Read more at straitstimes.com.

SINGAPORE - Singapore's electronics sector in general and the semiconductor industry in particular have outperformed other segments of the economy and they are likely to continue to offer more job opportunities.

In the first nine months of the year, Singapore's electronics sector as a whole has recorded more than $5.7 billion in fixed assets investment and more than $376 million in total business expenditure. According to the Ministry of Trade and Industry , over 130 companies in the electronics industry have offered more than 2,800 opportunities since April - 1,880 are jobs and the rest are attachments and training opportunities. Almost all of the job roles offered were for PMETs, it said.

The semiconductor industry's contribution to Singapore's gross domestic product has increased from less than 1 per cent in 1990 to 6.9 per cent in 2019, he said.

 

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