The Singapore government has officially released its latest semiconductor industry policy, announcing multiple measures to support the development of the local semiconductor industry.
Increased Chip Manufacturing Investment Support
Singapore Economic Development Board announced the establishment of a special fund to support wafer fabrication companies in expanding capacity locally. Eligible companies can receive up to 50% investment subsidy, covering equipment procurement, factory construction and talent acquisition.
Promoting Advanced Technology R&D
The Singapore government is increasing investment in semiconductor advanced technology R&D, focusing on supporting advanced processes below 2nm, advanced packaging technology and semiconductor equipment and materials R&D. Multiple research institutions and companies have received R&D funding support.
Talent Acquisition and Development Program
To address the semiconductor industry talent shortage, Singapore has launched a special talent acquisition program to attract global semiconductor high-end talent. At the same time, it is increasing local talent development efforts, collaborating with multiple universities to establish semiconductor-related programs.