The Source – Top 5 News 07th August 2023

The source is our latest offering to support our clients and visitors. You can read our Top 5 news for week commencing 07th August 2023 below.

1. Silicon Box, a Chiplets manufacturer based in Singapore has launched a US$2B foundry to propel adoption of chiplet technology creating more than 1000 new job opportunities

Silicon Box, a Chiplets manufacturer based in Singapore has launched a US$2B foundry to propel adoption of chiplet technology creating more than a thousand opportunities for individuals with computer science, engineering and design backgrounds supported by Economic Development Board (EDB).

The 7,300 sqm factory located at Tampines, Singapore is set to position the country as global leader in high-performance technology.

2. Asia Pacific countries which accounts to 75% of world’s semiconductor manufacturing capacity will face a 5% YOY decline in Semiconductor market sales in 2023.

Consumer Electronics, Computer, and Communications Industries, which accounts for a large share of semiconductors will decline, reported by SemiMedia. As a result, Projections in Semiconductor market sales are expected to decline by 5% YOY in 2023.

Chinese market may drive the recovery in Semiconductor Industry but the current growth in demand for semiconductors in China is still not enough to increase the overall shipments in 2023.

3. The market for Processors, including CPUs, GPUs, and FPGAs will decline to US$150B in 2023 from US$159B in 2022

According to the report from Yole Intelligence, the market for Processors, including CPUs, GPUs, and FPGAs will decline to US$150B in 2023 from US$159B in 2022.

Historically, the market started to decline in 2021 due to weak consumer electronics demand. On the bright side, the market will continue to gradually begin to recover from the third quarter of this year.

4. Global Semiconductor foundries offered 10-15% price discounts or other favourable terms for those who are willing to increase their order volumes

Most of the Manufacturing companies explored ways on how to cope up with the current economy in Semiconductor market. Companies like UMC and Samsung offered 10-15% price discounts or other favourable terms for those who are willing to increase their order volumes.

5. The government of Singapore continues to promote ways to boost the semiconductor sector to secure more talent amidst global chip shortage and semiconductor market challenges

The year-on-year attractiveness score of Semiconductor manufacturing sector in Singapore grew from 39.2% in 2022 to 49.3%. The local survey with 2,573 respondents was conducted by Randstad Singapore, a recruitment agency in SG.

The government of Singapore continues to promote ways to boost the semiconductor sector to secure more talent amidst global chip shortage and semiconductor market challenges.