Singapore Electronics Sector Jumps 30 Percent
Singapore's electronics sector saw a 30% increase in growth driven by robust demand related to artificial intelligence. Conversely, biomedical manufacturing declined by approximately 14% due to softer demand for medical devices. The chemicals sector also experienced a 16% decline, attributed to lower output in petroleum and petrochemical segments caused by feedstock supply disruptions.
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Sources · 7 independent
CNA938 Singapore
“The electronics sector led the games jumping 30% thanks to robust AI-related demand. But biomedical manufacturing dipped around 14% due to factors including softer demand for medical devices.”
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