Singapore Electronics Exports Hit Record 95% Growth in May, Driven by AI Chip Demand

According to data from Singapore Enterprise Development Board released Wednesday, the city-state's electronic product exports surged 95% year-over-year to S$7.1 billion ($5.5 billion) in May, reaching a record growth rate. Integrated circuits remained the primary driver, rising nearly 81%. Overall non-oil domestic exports grew 38% for the month.
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