Reuters exclusively reported that semiconductor makers in Singapore have started slowing production and laying off hundreds of staff due to political concerns over Chinese telecoms firm Huawei, slowing consumer demand and the Sino-U.S. trade war. The slump in a sector that made up nearly a third of Singapore’s manufacturing output last year is reinforcing expectations its economy could slide into recession in the coming months.
Reuters exclusively reports Singapore chipmakers cutting jobs
24 July 2019, 12:00 am 1 minute
Article Tags
Type: Reuters Best
Sectors: Equities
Regions: Asia