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Singapore Semiconductor Industry Association (SSIA) reaffirms commitment to cooperation

Douglas Toh
Douglas Toh • 4 min read
Singapore Semiconductor Industry Association (SSIA) reaffirms commitment to cooperation
Executive director of SSIA, Ang Wee Seng emphasising the importance of cooperation at the SSIA Summit 2023. Photo: SSIA
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On Sept 19, the Singapore Semiconductor Industry Association (SSIA) reaffirmed its commitment to working with industry leaders and government agencies to build a sustainable and resilient supply chain for the global semiconductor ecosystem, supported by the Singapore Economic Development Board (EDB) at this year’s iteration of the annual SSIA Summit.

Today, the sector continues to grow impressively amidst macro headwinds, as Singapore’s semiconductor output experienced a robust 5.8% y-o-y growth, contributing significantly to the country's overall manufacturing output in July.

Forecasts predict that the global semiconductor industry is on-track to double its revenues, reaching US$ 1 trillion ($1.3 trillion) by 2030.

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