March 10, 2025 /SemiMedia/ — Singapore’s Agency for Science, Technology and Research (A*STAR) will invest around S$500 million to expand national semiconductor R&D and manufacturing facilities at the Singapore Semiconductor Technology and Innovation Centre (NSTIC), Deputy Prime Minister and Minister for Trade and Industry Heng Swee Keat announced on March 6. The facility is expected to be operational by 2027, strengthening Singapore’s role in the global semiconductor supply chain.

The government is driving economic growth by enhancing global supply chain connectivity, fostering innovation, improving the business environment, and developing a skilled workforce. Later this year, the Singapore Economic Development Board (EDB) will launch the Global Founder Programme (GFP) to attract experienced entrepreneurs, further bolstering the country’s technology and semiconductor ecosystem.