TSMC-backed Vanguard International Semiconductor and Dutch chip giant NXP are set to build a USD 7.8 billion wafer manufacturing plant in Singapore. Vanguard will hold a 60% stake in the joint venture, named VisionPower Semiconductor Manufacturing Company (VSMC),...
Google has increased its investment in Singapore, raising its total commitment to USD 5 billion with the completion of its fourth data center in the country. This development marks a significant jump from the USD 850 million invested in 2022 when its third data center...
Japanese chemicals manufacturer Sumitomo Seika Chemicals Co., Ltd. has commenced construction of a new production facility on Jurong Island of Singapore. This new plant will double Sumitomo Seika’s super-absorbent polymer production in Singapore to 140,000 tons...
Amazon Web Services (AWS) recently announced plans to invest an additional SGD 12 billion (USD 8.86 billion) in its existing cloud infrastructure in Singapore from 2024 to 2028 to meet the rising customer demand for cloud technology and services. AWS has already...
The Singapore Army has started outfitting its infantry units with a new light machine gun (LMG) designed for close-quarters combat. Specifically, the army has been gradually introducing the 6940E-SG infantry automatic rifle since April 2024 to enhance soldiers’ combat...
Singapore is intensifying its focus on developing green data centers in response to the growing demand for artificial intelligence (AI), which significantly increases energy consumption. To support its digital economy goals, the city-state has unveiled a green data...
The Singapore Food Agency (SFA) is exploring ways to enhance fish farming infrastructure in the southern waters, following the announcement that the Barramundi Group, the sole operator in the area, intends to cease operations there. Before new fish farms take over in...
CIMIC Group subsidiary Leighton Asia has secured a contract from PUB, Singapore’s National Water Agency, for the reconstruction of Choa Chu Kang Waterworks. The project is projected to bring in about SGD 144 million (USD 106.3 million) for Leighton Asia. Choa...
Pharmaceutical giant AstraZeneca is set to open a USD 1.5 billion cancer drug manufacturing plant in Singapore, as part of its global expansion strategy. The new factory highlights a growing trend among pharmaceutical companies to establish production facilities in...
Singtel and Indonesia’s Telin have partnered to establish a new submarine cable system connecting Singapore and Batam Island in Indonesia. The two Southeast Asian telecom operators announced on Friday that they have signed a memorandum of understanding to...
Foot traffic and sales have slowed at Singapore’s premier shopping district on Orchard Road, but a local tech start-up, Alteredverse, aims to rejuvenate the area by attracting a younger crowd through innovative digital solutions. Alteredverse has partnered with...
Kazakhstan and Singapore have entered into agreements across six key areas, marking a milestone in their bilateral relations. The agreements encompass economic integration, security, enterprise standards, intellectual property (IP) rights protection, higher education,...
