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H igh tech electronic devices and the Since the 1960s, electronics has been the
Internet of things have morphed from
nice-to-have luxuries into essential products for many of us.
As 5G, the  fth-generation wireless network, gains momentum in 2020 and beyond, wearable computers, arti cially intelligent virtual assistants and smart homes with internet- connected appliances such as refrigerators and vacuum cleaners may just become everyday  xtures in our lives.
According to the “Global Electronic Components Market 2019 Research Report,” the global market for electronic components is predicted to grow at a compound annual growth rate (CAGR) of about 5.6 percent from 2019 to 2024.
Singapore is well positioned to meet the global demand and take advantage of the opportunities that lie ahead.
bedrock of the manufacturing sector. In 1968, American microelectronics company National Semiconductor set up shop in Singapore and built Singapore’s  rst semiconductor manufacturing at 179 River Valley Road, opposite where Liang Court is today. Semiconductor companies Fairchild and Texas Instruments followed soon after. More than 7,000 jobs were created in just three years by those three companies. Siemens (later In neon) and SGS-Thomson Microelectronics (later STMicroelectronics) were also amongst the  rst wave of MNCs to establish their presence in Singapore, which helped kick- start the nation’s industrialization journey.
The electronics sector continues to be an important economic pillar for the Republic. Today, the sector creates some 90,000 jobs, or close to one- fth of the manufacturing workforce. In the  rst six months of 2019,  xed asset investments in electronics accounted for nearly two-thirds of that secured by the manufacturing sector.

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