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Reuters exclusively reports Singapore chipmakers cutting jobs

Reuters exclusively reports Singapore chipmakers cutting jobs

Reuters exclusively reported that semiconductor makers in Singapore have started slowing production and laying off hundreds of staff due to political concerns over Chinese telecoms firm Huawei, slowing consumer demand and the Sino-U.S. trade war. The slump in a sector that made up nearly a third of Singapore’s manufacturing output last year is reinforcing expectations its economy could slide into recession in the coming months.