Singapore Flags Investment Plans From Chips to Energy in Budget

(Bloomberg) — Singapore plans to invest about S$1 billion ($744.8 million) for a new R&D semiconductor facility that will provide “great tools for researchers and industry partners” to boost innovation, according to Prime Minister Lawrence Wong.

The world’s top tech companies want to do more out of Singapore, Wong said in his first budget speech as premier on Tuesday, including those new-frontier areas of AI and quantum computing.