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Foreign chipmakers and related firms stay on track with major projects in Singapore
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GlobalFoundries says Singapore will be “considered favourably” as the firm decides where to further boost capacity.
PHOTO: BLOOMBERG
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SINGAPORE – Foreign chipmakers and related firms here are sticking to their expansion plans despite Washington’s efforts to keep cutting-edge chips out of China and woo investments back to the United States, experts said.
Companies including New York-based GlobalFoundries and Dutch firm ASML said they expect that the impact of the new US rules imposed in 2022 will be manageable.
