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AI Surge Powers Singapore Tech as Startups Face Funding Winter | Lavamgam

Technology

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AI Surge Powers Singapore Tech as Startups Face Funding Winter

Singapore's non-oil domestic exports rocketed 24.2% in July, powered by an explosive 112% surge in electronic exports as global AI demand continues to reshape the city-state's trade profile. Enterprise Singapore data confirms the AI hardware boom is no longer a blip—it's the new economic engine. The Ministry of Trade and Industry has already raised its 2026 growth forecast on the back of these numbers.