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Sunday, September 20th, 2020

Singapore's automation incentives draw tech firms

by April 28, 2017 General

FOREIGN precision engineering firms are investing more in Singapore, drawn by strong semiconductor demand and government incentives aimed at re-tooling an economy short of skilled labour.

The city-state is running programs worth billions of dollars to support productivity, automation and research, attracting global chipmakers including US-based Micron Technology Inc and Germany’s Infineon Technologies.

This investment rush into electronics helped the technology sector log 57 per cent output growth on average in October-February from a year ago and kept Singapore from recession late last year.

“I’ve lived in Europe, I’ve lived in Japan, I’ve spent a lot of time in Taiwan and other countries. From a proactive standpoint, Singapore is about as good as it gets,” said Wayne Allan, vice president of global manufacturing at Micron, adding the Singapore Government’s long-term vision was key to Micron expanding its investment.