Singapore Economy Grows 6% in First Quarter on Strong AI Chip Demand

By News Desk on May 25, 2026

Singapore Maintains Growth Forecast After Strong First-Quarter Performance

Singapore: Singapore’s economy grew by 6 percent year-on-year during the first quarter of 2026, supported by strong demand for artificial intelligence (AI) chips and electronics exports.

The growth comes as Singapore continues to benefit from increased production of memory chips and server components used in data centers that support AI technologies.

Singapore’s Ministry of Trade and Industry stated that the stronger-than-expected performance prompted it to maintain its forecast for the economy to grow between 2 and 4 percent during 2026.

The first-quarter growth follows an expansion of 5.7 percent recorded in the fourth quarter of 2025.

The ministry noted that demand related to artificial intelligence remains strong and is expected to continue supporting economic growth across the region throughout the year.

Official data also showed that exports during the first quarter increased by 9.6 percent compared to the same period last year, driven mainly by the electronics sector.

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