Singapore AI Boom: UMC's $6.4B Fab, MAS Stablecoin Rules, and GDP Surge

UMC invests US$5 billion (S$6.4 billion) in a new Singapore chip fabrication plant to capture the AI hardware boom. The Taiwanese semiconductor giant, which designs chips for other companies, started commercial production earlier this year and is now scaling up to boost annual wafer output to 1.3 million units. The expansion at Pasir Ris Wafer Fab Park will double its skilled workforce from 1,200 to 2,400 employees, signaling a major commitment to Singapore's semiconductor...