Business & Finance

How Singapore Got Its Manufacturing Mojo Back

How Singapore Got Its Manufacturing Mojo Back #Singapore #Manufacturing #Mojo Welcome to JibGlobe, here is the new resources we have for you today:

SINGAPORE—The factory floor at

GlobalFoundries Inc.’s

Fab 7 beeps, whooshes and whirs—the sounds of robotic arms and other machines making chips for smartphones and cars. It is among the semiconductor maker’s most advanced facilities, and few of its 350-odd manufacturing steps require humans.

In courting factories like this, Singapore has become a rare wealthy country to reverse its manufacturing downturn. The city-state had faced industrial decline, with World Bank figures showing manufacturing falling to 18% of gross domestic product in 2013, from 27% in 2005.

Then manufacturing made a comeback in Singapore, rising to 21% of GDP in 2020, according to the World Bank’s latest figures. Singapore government data shows manufacturing made up 22% of its GDP in 2021.

General Electric Co.

this year began using 3-D printing machines in Singapore to repair jet-engine blades. German semiconductor-wafer maker

Siltronic AG

WAF -0.56%

and Taiwan’s

United Microelectronics Corp.

UMC -4.70%

are building major new facilities here. Norway-based solar-panel maker REC Group uses advanced lasers in its Singapore facilities to split photovoltaic cells. Multinational companies are producing laboratory tools for DNA testing here.

Singapore has aggressively wooed highly automated factories with tax breaks, research partnerships, subsidized worker training and grants to local manufacturers to upgrade operations to better support multinational companies, among other enticements.

There’s a caveat: Singapore’s success has come by automating away many jobs. It has more factory robots per employee than any country other than South Korea, according to the International Federation of Robotics.

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