Taiwan became Singapore's largest trading partner last year, with
semiconductors driving the relationship on both sides.

Taiwan's representative Tung Chen-yuan said around 85-percent of Taiwan's
exports to Singapore are semiconductor-related, with about 80-percent of
Singapore's exports to Taiwan in the same sector.

In the first quarter of 2026, Taiwan's exports to Singapore surged nearly
85-percent year-on-year to 17-point-6 billion US dollars.

Singapore's investment in Taiwan also hit a historic high, reaching 4-point-4
billion US dollars -- more than 72-percent of Taiwan's total foreign
investment intake for the quarter.

Tung says that jump was largely driven by Micron's Singapore subsidiary
converting around 4-point-3 billion US dollars in claims into equity
investment in Taiwan.

Singapore's central bank expects the A-I-driven semiconductor boom to keep
supporting trade through the rest of the year.

(PB)