{"id":24029,"date":"2026-05-25T14:35:33","date_gmt":"2026-05-25T10:35:33","guid":{"rendered":"https:\/\/pressreleasenetwork.com\/site\/?p=24029"},"modified":"2026-05-25T14:35:33","modified_gmt":"2026-05-25T10:35:33","slug":"ai-chip-demand-drives-6-growth-for-singapore-in-q1","status":"publish","type":"post","link":"https:\/\/pressreleasenetwork.com\/site\/2026\/05\/25\/ai-chip-demand-drives-6-growth-for-singapore-in-q1\/","title":{"rendered":"AI Chip Demand Drives 6% Growth For Singapore In Q1"},"content":{"rendered":"<p class=\"read\">Singapore&#8217;s economy grew six percent year-on-year in the first quarter as demand skyrockets for artificial intelligence chips, the government said Monday.<\/p>\n<p class=\"read\">As a major electronics hub, the city-state has seen a significant increase in the production of memory chips and server components essential to the data centres powering AI tools.<\/p>\n<p class=\"read\">Due to the &#8220;better-than-expected&#8221; growth, the trade ministry said it would maintain its forecast for the economy to expand 2.0 to 4.0 percent in 2026.<\/p>\n<p class=\"read\">The first-quarter growth, extending the expansion of 5.7 percent in the December 2025 quarter, was &#8220;driven by strong performance of the wholesale trade, manufacturing and finance and insurance sectors&#8221;, the ministry said in a statement.<\/p>\n<p class=\"read\">&#8220;<a href=\"https:\/\/www.thebluewhale.ai\/\" target=\"_blank\" rel=\"noopener\">AI<\/a>-related demand has remained robust and should continue to support the growth of regional economies throughout the year&#8221;, the trade ministry said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore&#8217;s economy grew six percent year-on-year in the first quarter as demand skyrockets for artificial intelligence chips, the government said Monday. As a major electronics hub, the city-state has seen a significant increase in the production of memory chips and server components essential to the data centres powering AI tools. Due to the &#8220;better-than-expected&#8221; growth, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24032,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-24029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/24029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/comments?post=24029"}],"version-history":[{"count":1,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/24029\/revisions"}],"predecessor-version":[{"id":24033,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/24029\/revisions\/24033"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/media\/24032"}],"wp:attachment":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/media?parent=24029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/categories?post=24029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/tags?post=24029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}