Singapore semiconductor industry achieved significant growth in 2024, with a year-on-year growth rate of 15%, further consolidating its position as a key global chip manufacturing hub.
Wafer Fabrication Capacity Continues to Expand
Multiple wafer fabs in Singapore completed capacity expansion in 2024, including simultaneous upgrades to both mature and advanced process production lines. These expansion projects have attracted significant investment from international semiconductor companies, driving the improvement of the local semiconductor industry chain.
Increased Investment in Advanced Packaging Technology
With the rapid development of advanced packaging technologies such as CoWoS and Chiplet, investment in Singapore packaging and testing sector has increased substantially. Multiple international packaging and testing giants have established R&D centers in Singapore, promoting the local application of advanced packaging technologies.
Benefits from Global Supply Chain Shift
Affected by the restructuring of the global chip supply chain, Singapore has become one of the preferred destinations for semiconductor companies relocating capacity, thanks to its优越 geographical location, complete industry supporting facilities and open policy environment.