Taiwan is looking to deepen its partnership with Singapore in key strategic sectors including semiconductors, artificial intelligence, green energy and biotechnology, according to Taiwan’s representative in Singapore, Tung Chen-yuan. He said the city-state has become one of the most important hubs for Taiwan’s New Southbound Policy, which aims to expand economic ties across the Indo-Pacific.
Tung highlighted that bilateral relations have evolved far beyond their early military cooperation, growing into extensive exchanges in trade, investment, talent and culture. Singapore is now Taiwan’s sixth-largest trading partner, while Taiwan ranks fourth for Singapore. Taiwanese companies invested over US$5.8 billion in Singapore last year, surpassing their investments in China.
Semiconductors remain a cornerstone of cooperation. Both economies play vital roles in the global chip supply chain, with Singapore producing a significant share of global semiconductors and equipment, and major Taiwanese firms investing billions in Singapore’s tech industry. Collaboration in AI is also expected to expand as Singapore accelerates its technological development.
Energy cooperation presents another opportunity, as Singapore pursues renewable and emerging energy sources, including green hydrogen, solar power, geothermal energy and small nuclear technologies. Tung said Taiwan is well-positioned to increase exchanges in these areas. He also pointed to reproductive biotechnology and medicine as a promising field, given Singapore’s status as a major pharmaceutical hub.
The representative emphasized that growing collaboration across these sectors will support long-term economic and technological progress for both economies.
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