On June 3, Frencken announced plans to spend $63 million to develop a new facility at Kaki Bukit to consolidate its existing operating sites here for better efficiency and future expansion.
Most Singapore-listed manufacturers exposed to the semiconductor sector who reported their respective first-quarter updates say the US tariffs do not have a head-on, dead-centre impact on them.
Following the escalation of the trade war, the likes of Frencken Group (SGX:E28
) have gone ahead and announced significant capex here, calling Singapore “a vital and strategic base for its manufacturing operations and future growth”.
