Singapore continues to attract investors and manufacturers despite rising tariffs and global economic uncertainty, according to a report by Knight Frank. The tariffs imposed on Singapore by the United States currently stand at a baseline 10%, significantly lower than those affecting other Southeast Asian exporters. This has attracted numerous multinational companies to establish or expand their operations on the island. Notable developments include Cariflex's inauguration of the world's largest polyisoprene plant in Jurong Island this May, covering 6.1 hectares. Alcon Manufacturing and Logistics also expanded its contact lens production capabilities with a new facility in Tuas opened in June. Micron Technology announced an $8.9b semiconductor plant in Woodlands, expected to start in 2026. The National Semiconductor Translation and Innovation Center for Gallium Nitride, a $123m facility in one-north, is expected to advance Singapore's capacity to produce next-generation semiconductors from mid-2026. https://sbr.com.sg/in-focus/investors-flock-singapore-despite-trade-uncertainty (ICE SINGAPORE)

Fonte notizia: Singapore Business Review, 22 July 2025