Singapore is emerging as a key player in the global 'deep tech' sector, focusing on advanced technologies such as semiconductors and robotics. This rise is underscored by the recent announcement from Temasek Holdings, Singapore's state-owned investment company, which plans to invest up to $30 billion in the US over the next five years, particularly in technology and healthcare sectors. Temasek's head of North America, Jane Atherton, emphasized the company's interest in AI-related fields, including data centers and battery storage technologies, which align with Singapore's broader digital strategy aimed at addressing challenges like deep fakes and security threats.
The startup Moovita, a spinoff from A*STAR, recently launched China's first driverless public bus service on October 1, 2024, showcasing Singapore's commitment to innovation in transportation technology. This initiative reflects the growing investment in Asia's startup ecosystem, driven in part by the U.S.-China rivalry, which has prompted increased focus on technological advancements in the region. Temasek's investment strategy, which includes exploring opportunities in both public and private markets, further supports Singapore's ambitions in the deep tech arena. As Temasek diversifies its portfolio, the company remains cautious about its exposure to China, highlighting the importance of the US market in its future growth plans. [f66eb87e] [75fa888f] [70865ff6] [225ece06]