Singapore semiconductor firms push into US market as global AI boom drives advanced chip demand
Singapore semiconductor firms, such as AEM Holdings and NexGen Wafer Systems, are expanding into the US market to capitalize on the growing demand for advanced AI chips. The global AI boom is driving the need for sophisticated semiconductors, with companies like OpenAI and Anthropic raising record funds.
The global AI boom is driving Singapore semiconductor firms to establish a presence in the US. AEM Holdings, a manufacturer of semiconductor testing equipment, has set up its main research and development hub in San Diego to tap into specialized talent. The move is expected to double its production capacity by year-end and accelerate innovation. AEM's CEO, Samer Kabbani, noted that product cycles are shrinking dramatically, and the company must launch next-generation AI chips quickly. Enterprise Singapore said the US drive to lead in AI is creating opportunities for supporting firms. Other Singapore firms, like NexGen Wafer Systems, are also expanding their US presence to engage with major industry players like Intel.
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