Singapore visit boosts chip business

Eight Israeli companies that took part in the trip will do business with four Singaporean companies as a result of the visit, the IEI said.

By AVI KRAWITZ
May 22, 2006 07:45
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singapore flag 88. (photo credit: )

 
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A delegation of Israeli semiconductor equipment suppliers to Singapore expects that deals worth $10 million annually for the next two years came out of their visit, the Israel Exports Institute said Sunday following the return of the delegation over the weekend. Eight Israeli companies that took part in the trip will do business with four Singaporean companies as a result of the visit, the IEI said. Israel's exports to Singapore in industrial electronics components and semiconductor equipment rose 40 percent to $42m. in the first quarter, compared to the same period in 2005, and is expected to grow 15% to $145m. by the end of the year.

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