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S’pore semiconductor sector could be hurt by widening US curbs but is expected to hold out
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The chip industry contributes about 8 per cent to Singapore’s gross domestic product and represents 10 per cent of jobs in the manufacturing sector.
PHOTO: ST FILE
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SINGAPORE – New US export restrictions on semiconductors are unlikely to mar Singapore’s standing as a resilient manufacturing hub, but firms here could still take a hit from brewing trade tensions and technology competition.
Industry experts said the ever-expanding curbs could threaten the financial health of chipmakers and inadvertently endanger the fate of investments in Singapore as well.
