Singapore is subject to a 10% tariff from the US. The country has previously warned of instability in its trade-dependent economy, along with heightened risks of recession and job losses. Singapore has lowered its 2025 GDP growth forecast to between 0% and 2%, following a 0.8% quarter-on-quarter contraction in the first quarter.

The case is part of an investigation into 22 individuals and companies suspected of making false statements, amid concerns that AI chip smuggling into China may involve countries such as Singapore.

Vietnam’s tech giant FPT plans to build a 200 million USD artificial intelligence (AI) factory using Nvidia's graphics chips and software, as announced on April 23 in a comprehensive strategic partnership with NVIDIA.

The global chip race is heating up, and Vietnam should be able to raise its position on the global semiconductor manufacturing map as some leading corporations are investing in chip production in the country, local economists said.

Vietnam’s leading ICT company FPT Software has launched a new subsidiary, FPT Semiconductor, marking a key milestone for the company as it enters the booming semiconductor industry.

Made-in-Vietnam integrated circuits (ICs) were introduced at SEMICON Japan, an international exhibition for the microelectronics manufacturing supply chain recently held in Tokyo.