"The government believes in sustaining stable and consistent investments in RIE through thick and thin over the long term, and through RIE2030 we will be investing $37 billion over the next 5 years in R&D, which is about 1% of GDP, and that's a level we have been maintaining now for nearly 20 years," says Senior Minister Lee Hsien Loong during the launch of RIE2030 on Dec 5.
Semiconductors and AI will be a key focus of Singapore’s $37 billion five-year research and development masterplan for 2026 to 2030.
The $37 billion commitment is the eight and latest instalment of Singapore’s five-year masterplans for the country’s research and innovation efforts. The first plan, also known as the National Technology Plan 1995, set aside $2 billion and ran from 1991 to 1995. The masterplans were later renamed Research, Innovation and Enterprise (RIE), and its last instalment RIE2025 saw the government committing $28 billion from 2021 to 2025.
