SINGAPORE: A lack of consumer demand for electronic goods and an inventory glut continue to weigh down the profitability of Singapore's semiconductor industry. But analysts are optimistic about its long-term prospects as they expect a boost when next-generation devices spurred by artificial intelligence (AI) come into play. For now, two of Singapore's top semiconductor equipment makers - AEM Holdings and UMS Holdings - have announced large drops in their revenues and net profits. They are the only companies listed on the Singapore Exchange that provide contract manufacturing services to global chipmakers.

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