China buying of chipmaking gear from Singapore hits 8-month high
Singapore is benefiting from the US-China discord in at least one respect: semiconductor sales.
China imported US$407 million worth of chipmaking machinery from Singapore in April, the latest Chinese customs data indicated. It was the highest amount since August, rising 9.6 per cent from March and going against the wider trend of diminishing semiconductor exports to China.
The country overall imported 27 per cent less in chipmaking gear during April than the prior year.
Singapore’s shipments to China of integrated circuit chips increased 3.5 per cent last month compared to March.
Other major suppliers from Asia all posted a drop in their chips export to the world’s second-largest economy, matching the trend with chip fabrication machinery.
The city-state aims to win its “fair share” of investments in semiconductor assembly and integrated circuit design, Beh Swan Gin, chairman of Singapore’s Economic Development Board, said in an interview in February.
Taiwan Semiconductor Manufacturing Co is considering building a fab to churn out 12-inch silicon wafers in Singapore, as the country offers more tax incentives and subsidies on utilities costs. $Taiwan Semiconductor(TSM.US$
Suppliers to ASML Holding are also considering building plants in South-east Asia instead of China, Reuters reported in March.
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