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Manufacturing Integration Technology to sell semicon business

MANUFACTURING Integration Technology is looking to dispose of its semiconductor business for an estimated price of S$84.5 million and focus its energies on contract equipment manufacturing and customised automation as its core business. It announced on Wednesday in a Singapore Exchange filing that it had entered into a share purchase agreement with Ningbo MIT Semiconductor Company for its entire shareholding interest in its wholly-owned unit, MIT...


Singapore factory output defies expectations to grow 11.1% in May

Singapore SINGAPORE'S factory output continued to outperform in May, defying expectations of a slowdown in manufacturing. But economists say this strong showing is unlikely to last - not least because of a baffling divergence between rising electronics production and shrinking exports in recent months. Manufacturing growth was widely expected to moderate this year from last year's high base, as demand eases and global trade tensions take their...


No swan song for Singapore semiconductors

AS ELECTRONICS growth tapers from its recent highs, some analysts see a need to cushion Singapore's economy against the global semiconductor cycle's ups and downs. The analysts are not suggesting the high-value chips industry is going to disappear. On the contrary, despite the supply chain fluctuations, many say it is here to stay. The segment accounts for 31.9 per cent of the value of the electronics cluster's manufacturing output in 2000. Its...


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