Singapore's Electronics Sector to be Supported by AI Boom Despite Softening
Dow Jones08-27 10:43
0243 GMT - Singapore's electronics industry will still benefit from the global artificial intelligence infrastructure buildout despite electronics growth cooling to a 11-month low, Maybank economists write in a report. Electronics growth cooled to 11.2% on year in July, down from 21.1% in June, partly on a high base. "Despite cooling electronics output growth, we think it is unlikely that the AI boom is coming to an imminent end," Maybank says. Demand for Singapore's semiconductor equipment also remains robust amid a global expansion in chip fabrication capacity. Singapore accounts for a sizeable market share of about 20% of global semiconductor equipment production, Maybank notes.
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