\n<\/p>\n
In his speech, Mr Gan said that AI is driving a sharp increase in demand for computing power and semiconductor performance.<\/p>\n
To seize these emerging opportunities, companies will need more than scale, he said.<\/p>\n
“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.<\/p>\n
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”.<\/p>\n
He also noted Singapore’s strong ecosystem across wafer fabrication, semiconductor equipment, advanced packaging, IC design, speciality chemicals, precision engineering and research and innovation, developed over the past five decades.<\/p>\n
“But we cannot stand still. The industry is moving quickly, and competition is intensifying.”<\/p>\n
Mr Gan added: “To stay relevant, we must strengthen our leadership in areas where we can make a meaningful impact, and where our capabilities are difficult to replicate.”<\/p>\n
Singapore will do this by attracting and anchoring new investments and capabilities, transforming existing operations and by entrenching investments deeply into its ecosystem, he said.<\/p>\n
“When a leading global company like Applied deepens its presence here, it creates opportunities for local suppliers, strengthens our advanced manufacturing base, and helps Singapore-based companies plug into global value chains,” Mr Gan said.<\/p>\n
“With this new facility, I hope to see even more local and global suppliers grow alongside Applied, and add depth to Singapore\u2019s semiconductor ecosystem.”<\/p>\n<\/div>\n
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