Alvin Tan on resilient semiconductor industry amid geopolitical tensions
Singapore's semiconductor sector could be impacted by the recent restrictions imposed by the US on the sales of semiconductor products to China as supply chains are highly complex and globalised, says Minister of State for Trade and Industry Alvin Tan. Speaking in reply to an MP's questions in Parliament on Thursday (Oct 20), he pointed out that many semiconductor companies operating in Singapore have manufacturing processes and products that rely on US technology which may be subject to the export controls imposed by the US government. He said while Singapore cannot be completely sheltered from geopolitical tensions, it can mitigate the risks by remaining a stable, trusted and well-connected location for companies to do business. Mr Tan said Singapore is working with its companies to strengthen their business continuity plans and diversify their supply chains to be more resilient.
*Audio issues inherent from source
Singapore's semiconductor sector could be impacted by the recent restrictions imposed by the US on the sales of semiconductor products to China as supply chains are highly complex and globalised, says Minister of State for Trade and Industry Alvin Tan. Speaking in reply to an MP's questions in Parliament on Thursday (Oct 20), he pointed out that many semiconductor companies operating in Singapore have manufacturing processes and products that rely on US technology which may be subject to the export controls imposed by the US government. He said while Singapore cannot be completely sheltered from geopolitical tensions, it can mitigate the risks by remaining a stable, trusted and well-connected location for companies to do business. Mr Tan said Singapore is working with its companies to strengthen their business continuity plans and diversify their supply chains to be more resilient.
*Audio issues inherent from source
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