Impact of Taiwan Semiconductor Manufacturing Company Locating Wafer Fabrication Plant in Singapore

Debated in Parliament on 8 May 2023.

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Minister Gan Kim Yong declined to disclose whether Singapore is actively pursuing TSMC to locate a wafer fabrication plant in Singapore, citing government policy not to comment on potential investor projects.
The Minister did not provide any timeline for finalising a potential outcome, expected value of incentives, or projected impact on GDP, employment, and tax revenues.
The response emphasises that details on negotiations with companies like TSMC are kept confidential.

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Chua Kheng Wee Louis

Mr Chua Kheng Wee Louis asked the Minister for Trade and Industry (a) whether the Government is actively pursuing Taiwan Semiconductor Manufacturing Company (TSMC) to locate a 12-inch wafer fabrication plant in Singapore instead of Europe through the use of incentives; (b) if so, when will the outcome be finalised; (c) what is the expected total value of the incentives and subsidies to TSMC; and (d) what is the expected impact to GDP, employment and tax revenues.

Gan Kim Yong

The Government does not disclose information on any potential investor or project.

Summary written by AI (learn more)

Minister Gan Kim Yong declined to disclose whether Singapore is actively pursuing TSMC to locate a wafer fabrication plant in Singapore, citing government policy not to comment on potential investor projects.
The Minister did not provide any timeline for finalising a potential outcome, expected value of incentives, or projected impact on GDP, employment, and tax revenues.
The response emphasises that details on negotiations with companies like TSMC are kept confidential.

Questions identified by AI (learn more)

Impact of Taiwan Semiconductor Manufacturing Company Locating Wafer Fabrication Plant in Singapore | PAPERCUTS

Impact of Taiwan Semiconductor Manufacturing Company Locating Wafer Fabrication Plant in Singapore

Debated in Parliament on 8 May 2023.

Summary written by AI (learn more)

Minister Gan Kim Yong declined to disclose whether Singapore is actively pursuing TSMC to locate a wafer fabrication plant in Singapore, citing government policy not to comment on potential investor projects.
The Minister did not provide any timeline for finalising a potential outcome, expected value of incentives, or projected impact on GDP, employment, and tax revenues.
The response emphasises that details on negotiations with companies like TSMC are kept confidential.

Questions identified by AI (learn more)

Full Transcript

Chua Kheng Wee Louis

Gan Kim Yong

The Government does not disclose information on any potential investor or project.

Summary written by AI (learn more)

Minister Gan Kim Yong declined to disclose whether Singapore is actively pursuing TSMC to locate a wafer fabrication plant in Singapore, citing government policy not to comment on potential investor projects.
The Minister did not provide any timeline for finalising a potential outcome, expected value of incentives, or projected impact on GDP, employment, and tax revenues.
The response emphasises that details on negotiations with companies like TSMC are kept confidential.

Questions identified by AI (learn more)

Impact of Taiwan Semiconductor Manufacturing Company Locating Wafer Fabrication Plant in Singapore

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Questions Identified

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Chua Kheng Wee Louis

Gan Kim Yong

Summary

Questions Identified

Impact of Taiwan Semiconductor Manufacturing Company Locating Wafer Fabrication Plant in Singapore

Summary

Questions Identified

Full Transcript

Chua Kheng Wee Louis

Gan Kim Yong

Summary

Questions Identified