Institutions: AI infrastructure will continue to underpin Singapore’s electronics industry.

Economists at Maybank said that although Singapore's electronics industry growth has slowed to an 11-month low, the sector will still benefit from global artificial intelligence (AI) infrastructure development. Singapore's electronics sector output rose 11.2% year-on-year in July, down from 21.1% in June, partly due to a high base effect from the same period last year. Maybank stated: "Although the electronics sector's output growth has slowed, we believe the AI boom is unlikely to end anytime soon." Meanwhile, demand for Singapore's semiconductor equipment remains robust amid global chip manufacturing capacity expansion. Maybank noted that Singapore holds a significant share of the global semiconductor equipment manufacturing market, at around 20%.