The Singapore electronic sector grew by 27%, treble the rate of the global electronic industry, generating S$89.9bn in output, attracting S$5.8bn investment in the sector. According to the EDB (Singapore’s Economic Development Board) the proliferation of electronic devices such as 3-D TV sets, electronic cars, iPads and mobile phones has boosted demand for electronics manufacturing.
In addition the sector has gone up-stream, instead of just assembling hard disk drives; Singapore is now concentrating on the media inside hard disk drives that records content. Singapore now holds 40% of the global market share of production of media inside hard drives. Source: Straits Times