In his speech, Mr Gan said that AI is driving a sharp increase in demand for computing power and semiconductor performance.
To seize these emerging opportunities, companies will need more than scale, he said.
“They will need reliable bases where they can anchor critical activities, access strong talent, integrate with deep ecosystems, and invest with confidence for the long term,” he said.
Singapore must sharpen its value proposition by going beyond being an open, connected and efficient hub, said Mr Gan. It must be a “trusted, innovative and resilient base for companies to grow from, especially in fast-growing sectors such as semiconductors”.
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