Essay on Electronic Manufacturing Industry : Singapore
Singapore Electronic Industry started 50 years ago in the 1960s with its first and only TV Assembly plant in Southeast Asia. And today, Singapore Electronic Industry has become the backbone of Singapore’s economy, contributing 5.3% of the Gross Domestic Product (GDP) in 2013, 29% of total manufacturing output, and employed 80,000 workers, representing 19% of the total manufacturing labour force in Singapore (EDB, n.d).
Due to the fragmentation of electronics production across East Asia and the loss of competitiveness in lower-end assembly operations due to overall high wages in Singapore. Majority of the consumer electronics and basic IT assembly operations have moved to lower wage countries like Indonesia, Malaysia, China and Vietnam.
However, Singapore’s mission is to continue to develop Singapore into a world-class electronics and precision engineering hub and now focused more in capital intensive sector like semiconductors, disk-drive production, research & development and product development.
Electronic Industry emerged in Singapore in the late 1960s, with early foreign companies including National Semiconductor, Texas Instrument, Hewlett Packard, Philips, Matsushita and STMicroelectronics were attracted to Singapore due to low production costs. After expanding the electronic industry in the past 50 years, Singapore is now home to (EBD, n.d).:
- 9 of the world’s top 15 semiconductor…