Artificial Intelligence continues to boost demand for semiconductors, potentially pushing Singapore’s exports well above projections despite looming tariffs and other economic uncertainties. Whilst broader industrial activity remains muted, the electronics sector has emerged as a critical shield against volatility in other segments. Zavier Wong, Market Analyst at eToro, said the demand for semiconductors drove a nearly 25% surge in Singapore's electronics non-oil domestic exports (NODX), suggesting the semiconductor-related cycle remains the "most dependable pillar" of the export engine. “By contrast, non-electronics barely grew, with overall gains leaning heavily on non-monetary gold shipments. This pattern seems to align with elevated geopolitical uncertainty and demand for safe-haven assets, rather than a broad-based increase in industrial activity,” Wong said. https://sbr.com.sg/economy/in-focus/ai-semiconductor-boom-shields-sg-78-pharma-export-crash (ICE SINGAPORE)

Fonte notizia: Singapore Business Review, 19 January 2026