IMO Singapore is going to be a winner in the semiconductor war. Less of a geopolitical hotspot than Taiwan, and easier to recruit Taiwanese engineers than U.S. or Europe (no risk for anti-Asian racism/more Mandarin friendly/closer to Taiwan for family visits).Not even close. There is no Singaporean equivalent of TSMC, Samsung or Tokyo Electron, and compared to those countries Singapore produces nothing of value. Singapore is a place for foreign multinationals to park their money and take advantage of a well educated pool of workers. The ultimate goal of every Singaporean is to whore themselves out for a 'prestigious' multinational, not start their own company that puts Singapore on the map.