NEWS

Singapore

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 ...more

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 ...more

Singapore

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 ...more

Manufacturing activity in Singapore dialled back a notch last month, in line with economists' expectations that the sector's growth pace will gradually ease from last year's highs, according to the latest purchasing managers' index (PMI).

The barometer of industrial activity recorded a further dip of 0.2 point from April to post a slower expansion of 52.7.

But even with a marginally ...more

Singapore

ST Engineering announced on Wednesday that it will adopt a single brand approach by harmonising all its corporate brands using "ST Engineering" as a masterbrand, as well as to align its subsidiaries' company legal names to start with "ST Engineering".

The brand harmonisation and alignment of company legal names will take effect from June 1 this year in a phased approach, ...more

Singapore

WILL big global firms want to set up shop - as DBS senior economist Irvin Seah put it - "in a place that looks more like an old folks' home"?

As cost competition and demographic change put the squeeze on small and medium-sized enterprises (SMEs), companies in electronics manufacturing should look to the regional value chain as a growth driver, he said at an industry event ...more

Manufacturers turned in a good performance in March although experts tip that output will dip in coming months.

Factory output rose 5.9 per cent last month compared with March last year - just above economist predictions of a 5.7 per cent rise.

If volatile biomedical manufacturing is excluded, output grew 8.6 per cent year on year.

But on a seasonally adjusted basis, it ...more

Singapore

SEMICONDUCTOR giant Micron Technology on Wednesday broke ground in the north of Singapore to add new cleanroom space to meet future manufacturing requirements for its 3D NAND flash memory products.

Micron did not disclose the size of the investment here except to say that the new facility will be a "multi-billion dollar investment". It will be equipped over the next five ...more

Singapore

HIGH-VALUE lens manufacturer Wavelength Opto-Electronic used to take 30 seconds to manually inspect one contact lens.

Now, due to its automated contact lens inspection system, the homegrown precision engineering (PE) enterprise takes less than three seconds to do the same job.

Wavelength Opto-Electronic, which invested S$800,000 in research and development last ...more

Singapore

THIS year is set to be another good one for the manufacturing sector, going by January data.

Manufacturers started 2018 on a high note with output expanding 17.9 per cent last month from a year earlier, surpassing economists' forecasts of 7.5 per cent and reversing a 3.4 per cent slide in December.

Manufacturing, which makes up a fifth of the economy, has been a ...more