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Singapore

All articles tagged with #singapore

Where the Ultra-Wealthy Are Planting New Homes
world3 days ago

Where the Ultra-Wealthy Are Planting New Homes

A record wave of ultra-high-net-worth individuals is relocating abroad, driven by tax efficiency, geopolitical stability, and quality of life. Dubai leads inflows to the UAE, with Portugal, Singapore, Italy, and Australia also rising as popular bases thanks to favorable visa regimes and business-friendly environments. Migration among the global rich surged from about 108,000 in 2018 to around 134,000 in 2024, with over 142,000 expected by the end of 2025, as many pursue second residencies or citizenships as hedges against future policy shifts.

Micron to invest $24B in Singapore NAND expansion to power AI memory surge
technology1 month ago

Micron to invest $24B in Singapore NAND expansion to power AI memory surge

Micron announced a roughly $24 billion expansion in Singapore to boost NAND supply, adding 700,000 square feet of cleanroom space and aiming for NAND production by late 2028, as AI-driven demand tightens memory markets; the plan includes a $7 billion high-bandwidth memory plant at the same site, with around 1,600 new jobs and a stronger Singapore role in the global semiconductor supply chain amid shortages through 2027.

technology1 month ago

Micron Launches $24B Singapore Fab to Broaden AI-Driven Storage Capacity

Micron announced a US$24 billion, 10-year investment to build an advanced wafer fabrication facility at its Singapore NAND complex, aiming to begin wafer output in H2 2028 and expanding to 700,000 square feet of cleanroom space. The project will create about 1,600 new jobs at the fab, adding to roughly 1,400 from an adjacent high-bandwidth memory packaging facility for a total of around 3,000 roles, and strengthens Singapore’s semiconductor ecosystem through co-located R&D, sustainability commitments, and potential NAND/DRAM synergies with AI-driven demand.

Legal Battles and Revival Prospects for Credit Suisse's AT1 Bonds
business4 months ago

Legal Battles and Revival Prospects for Credit Suisse's AT1 Bonds

A Singapore law firm, Drew & Napier, plans to sue the Swiss government for approximately $300 million, seeking compensation for Asian bondholders of Credit Suisse AT1 debt that was wiped out in 2023. The firm is pursuing claims based on bilateral investment treaties with Switzerland, Singapore, Japan, and Hong Kong, following a Swiss court ruling that the bond writedown was unlawful. The legal action targets the Swiss government's handling of the Credit Suisse rescue, with the process expected to take time and uncertain outcomes.