Singapore’s electronics manufacturing contributes approximately 25% of Singapore’s overall manufacturing GDP, or almost S$100 billion, demonstrating that it is a vibrant and expanding part of Singapore’s total economy. The industry comprises of nearly 3,000 companies operating within a range of fields within the sector, including the manufacturing of semiconductors, consumer electronics and hardware connected with the information technology sector.
One area which the country focuses on, and one that is viewed very much as a niche, is the production of encryption technology. In addition, the country is one of the leading manufacturers in the region of integrated circuits, hardware for facilitating wireless technology and equipment for the satellite communications industry.
Singapore is a global hub for the trade and distribution of electronics and semiconductors related to the electronics industry. Indeed, the country exports around S$115 billion worth of electronic integrated circuits and semiconductors each year, which equates to approximately 10% of the total global exports in this field.
The Singaporean government has announced its intention to create around 2,000 new jobs by developing the sector to S$22.2 billion by 2020 via the Electronics Industry Transformation Map (ITM). This will inevitably be a massive boost for the electronics manufacturing sector. It will help to create even more scope for electronics manufacturers to adopt high value-added manufacturing activities.