Prospects for Singapore semiconductor industry is bright-cover tape|carrier tapes|NEXTECK

Prospects for Singapore semiconductor industry is bright

Singapore's electronics sector in general and the semiconductor industry in particular have outperformed other segments of the economy, and they are likely to continue to offer more job opportunities.

In the first nine months of the 2020, Singapore's electronics sector as a whole has recorded more than $5.7 billion in fixed assets investment and more than $376 million in total business expenditure.

These investments will create about 1,100 jobs and reinvestment in including the back stage process of semiconductors packing production of reel and tape and WLCSP carrier tape generally supported by Nexteck Group the key packing materials supplier in SEA.

According to the Singapore Ministry of Trade and Industry (MTI), over 130 companies in the electronics industry have offered more than 2,800 opportunities since April 2020. 1880 are jobs and the rest are attachments and training opportunities. Almost all of the job roles offered were for professionals, managers, executives and technicians.

Nexteck Singapore Pte Ltd., can also see from the incoming order and strong forecast of Semiconductor Packing materials, like reel and tape, WLCSP carrier tape and precision cover tape.

In the first six months of 2020, the semiconductor industry's output increased 1.7 per cent year on year, even as the overall economy suffered its worst-ever recession.

In Singapore, Nexteck Group www.nexteck.com.sg and also our semiconductors customers of packing materials strongly believed that even under COVID-19 pandemic, a crisis of a generation, but Singapore has turned every chance into an opportunity.

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Prospects for Singapore semiconductor industry is bright

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