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Straits Times
25-05-2025
- Business
- Straits Times
Silicon Schengen: On chips, Europe charts new way forward
Speaking recently in Singapore, Dutch Economic Affairs Minister Dirk Beljaarts offered a glimpse into what some might call a Silicon Schengen – a new chips coalition launched in March. ST PHOTO: MARK CHEONG When the European Union unveiled its landmark Chips Act in 2023, the goal was ambitious: To double the bloc's share of global semiconductor production to 20 per cent by 2030. It was the continent's North Star, one that many hoped would catalyse efforts to build a more resilient and self-sufficient chips ecosystem in a world increasingly defined by strategic rivalry and supply chain risk . But two years on, as competition for chip manufacturing hots up, Europe's path remains anything but smooth. While construction of Taiwan Semiconductor Manufacturing Co's (TSMC) first European facility began in Germany's Dresden in 2024, plans by Intel to open a major €30 billion (S$44 billion) fab in Germany's Magdeburg, along with a smaller supporting one in Poland, were postponed. The delay – due to the company's financial difficulties, high energy prices in Germany and a shortage of skilled local workers – seemed a bad omen. Today, Europe's chips plan looks unlikely to achieve its target, the European Commission – the EU's executive body – has conceded. The EU is projected to reach just 11.7 per cent by 2030, anchored still by the handful of European chipmakers like STMicroelectronics, Infineon and GlobalFoundries. So, rather than bank on mega projects to revitalise chipmaking in Europe, EU members are testing new ways to gain a bigger share of the semiconductor boom. But that requires countries striking different paths. The Netherlands to boost chips made by Europe Leading EU countries, restless for progress, are charting a new way to regain ground. Speaking recently in Singapore, Dutch Economic Affairs Minister Dirk Beljaarts offered The Straits Times a glimpse into what some might call a Silicon Schengen – a new chips coalition launched in March that he said could be expanded from the nine announced at that time to '14 or 15' like-minded member states. The Schengen policy, which facilities free movement of people within the EU and a few non-EU countries, started as a 1985 inter-government initiative to promote labour mobility, economic growth and social integration among five countries, and was subsequently incorporated into EU law in 1997. Though it is controversial, more than eight in 10 EU companies today consider it one of the bloc's key achievements and say it is good for business. The Semiconductor Coalition started as a Dutch idea floated at the Group of Seven meeting in Rome in October 2024. It pulls together the fastest European champions – Austria, Belgium, Finland, France, Germany, Italy, Poland, Spain, and the Netherlands – in the chips race, enabling them to brainstorm and collaborate on how to run even quicker. 'We're looking at what the industry needs to be successful. In this coalition, we are combining knowledge from the companies, research institutions and policymakers,' added the minister, whose key stated priorities include cutting red tape and lessening administrative burden. The coalition seeks to grow its slice of the global chips pie by strengthening its foothold on the entire value chain – from research and design, to fabrication and packaging – in a way that complements the EU's push to locate more of such facilities on European soil, Mr Beljaarts said. That hints at a different approach to not only growing the EU's chips footprint but also managing supply chain risk – not by building manufacturing within EU borders but by creating reliable partnerships up and down the chain. In other words: Focus on boosting chips made by Europe, rather than in Europe, and informally co-opt countries outside the EU into this Silicon Schengen. During our interview, Mr Beljaarts highlighted his visit to a newly opened wafer chip plant in Singapore, a joint venture between Dutch chip champion NXP and TSMC-backed Vanguard constructed in record time, which he described as 'mind-blowing'. The momentum gained by the chips coalition appears aligned with industry calls for an EU Chips Act 2.0 – to fix a cumbersome model requiring European Commission approval for projects despite funding provided by EU members so that public policy supports business ambitions. Yet, Mr Beljaarts' biggest challenge remains internal – in managing hard feelings. 'We are building the coalition not against the European Commission, but alongside it,' he told The Straits Times, careful to avoid any suggestions of supplanting the commission from the driver's seat. As a single trading bloc, all 27 EU countries share a joint trade policy. 'This is a positive agenda, aimed at self-reliance, resilience and strategic autonomy. It didn't start because something was wrong with the current EU Chips Act. But obviously it's something you have to do hand-in-hand, though it doesn't need to be orchestrated by the commission.' Will this coalition also grow in scope and teeth, and which are the additional countries? In response to queries, the Dutch embassy said the expansion remains in an exploratory phase and any updates will follow, without a specific timeline in mind, perhaps keen to manage sensitivities and emphasise an incremental approach. The push to catalyse new business opportunities in chips actually reveals what a tight spot the Netherlands is in. Its crown jewel, ASML, holds a virtual monopoly on the world's most advanced lithography machines essential to making cutting-edge chips. Yet, The Hague imposed added restrictions on some chipmaking tools in 2024, following pressure from Washington, a move that caused ripples, particularly in Beijing. It must create more opportunities, given its target of training 33,000 new technical jobs in chips in the next five years – and fast. Despite the challenges in walking this geo-economic tightrope, Mr Beljaarts is careful to keep the tone diplomatic. 'Not another week goes by that we're not talking or engaging with ASML on their expansion plans and the jobs they create... It is our gem, our key world player,' said the minister, who spent most of his career in the private sector. 'We invest what we can in education and in their expansion plans.' But he bristled at the idea that the Netherlands is merely acquiescing to US demands, or any suggestions that it has chosen a side. 'China is a very important country for the Netherlands. We have a lot of trade going back and forth,' he added, pointing to his upcoming visit to China some time in September or October. Mr Beljaarts was one of the most proactive European trade ministers to engage with the incoming Trump administration, having visited the US twice over the past year when it became clear Mr Trump could win the election, during which time he also touched base with Mr Robert Lighthizer, the former US trade representative and chief architect of the aggressive use of tariffs and other trade restrictions during the first Trump administration. But with new tariffs from Mr Trump covering 70 per cent of EU exports to the US, how effective was that engagement? 'It always pays off,' he said. 'Sitting at home behind your desk, there is only so much you can do, and the world is out there.' The Finnish formula: Go niche, go deep Finland, another small and trade-oriented economy in the Semiconductor Coalition, is taking a markedly different tack from the Netherlands. Unlike the US$1.1 trillion (S$1.4 trillion) Dutch economy that is deeply embedded in the global chip sector through national champions like ASML, ASM and NXP , Finland – a US$300 billion economy – lacks a major domestic foundry industry. But what it lacks in manufacturing heft, it makes up for with high-end innovation and research in system chip design and development – critical areas in its 'Chips from the North' strategy launched in 2024 to triple value-add and quadruple hiring to 20,000 in a decade. Finnish Minister for Foreign Trade and Development Ville Tavio was clear-eyed about both Finland's limitations and advantages. 'In global quantum computing, we already have the fastest supercomputer, we are investing in another and improving the supercomputer network,' he said. He and his Dutch counterpart were in Singapore for Semicon South-east Asia, a trade conference bringing together industry champions and innovators to showcase advances in the chips field. Competition will enable the Finns to prevail, the thinking goes. 'The free market drives itself and money will flow to the best technologies,' he added. Finnish Minister for Foreign Trade and Development Ville Tavio was clear-eyed about both Finland's limitations and advantages. ST PHOTO: KEVIN LIM Finland is leaning into its niche, investing in chip design, photonics and embedded systems, and leveraging its technical depth in quantum computing, 5G – built off a sprawling telecommunications ecosystem that is Nokia's legacy – and other chips-adjacent sectors to drive demand. Finland's approach stands in contrast to the EU Chips Act, which has thus far focused on reshoring high-volume chip manufacturing to European soil, with countries such as Germany and France vying to host fabs. Mr Tavio was not concerned about any perceived misalignment: 'We are the ideal subcontractors,' he said. 'Business-to-business is our model. Our companies make the components, equipment and software the bigger players rely on.' When asked how he was helping Finnish firms capture business opportunities in a variegated South-east Asian landscape, he was careful to avoid talk of pulling away from the pack and seeking preferential treatment for Finnish companies, pointing to the EU's primacy in pushing for treaties like the EU-Singapore Digital Trade Agreement, signed in early May. Engagement and pragmatism While in Singapore, both ministers had the opportunity to meet Singapore counterparts. Singapore and the Netherlands marked 60 years of relations, anchored by deep economic collaboration and individual ties, like with famed Dutch economist Albert Winsemius, who served as Singapore's economic adviser. Their balancing act on chips – between entrepreneurial state action and transatlantic consensus – is a reminder that even within a unified European strategy, national strategies to seize new opportunities in a growing field can differ. The headwinds posed by uncertainties wrought by US tariffs announced in April are significant, with the European Commission downgrading EU growth forecasts last week. Finland's response? Aggressive hunting. 'Smaller companies have a real drive to find an international market and new target countries. So the growth could actually be reasonable,' Mr Tavio said. 'They can actually come to Singapore and be successful,' he added, pointing to the Tuas mega port and plans to make it an intelligent system leveraging new technology solutions for port management, and Changi Airport Terminal 5's construction, both of which play to Finland's strengths in the maritime domain, green economy and clean energy. Opportunities for Asian countries Europe's strategy on chips and trade is entering a new phase. There is commonality on the level of values. Both Beljaarts and Tavio speak passionately about the need for openness, trade and multilateral rules. But they differ in execution. Where the Dutch see an opportunity to scale up industrial capacity and expand European supply chains, the Finns see an opportunity to specialise – and in doing so, avoid overreach. That is not a contradiction – the EU's strength lies in uniting diverse models. Here, there is opportunity, too, for Asia, as more European companies look east for markets, partnerships and investment opportunities. Both Mr Beljaarts and Mr Tavio spoke of Singapore in similar terms: as a hub, a gateway, a partner of trust. And that may be the lesson here. In a fragmented world, countries that can offer a friendly policy environment with networks to other investment destinations and access to international partners could see more business come their way. Europe's semiconductor project is a story still being written. As the chips fall where they may, the question is not whether the EU can stay unified – it is whether individual EU countries can create and seize new opportunities for the continent. Lin Suling is senior columnist at The Straits Times' foreign desk, covering global affairs, geoeconomics and key security developments. Join ST's Telegram channel and get the latest breaking news delivered to you.
Straits Times
18-05-2025
- Entertainment
- Straits Times
‘You are so special to me': Lady Gaga returns in spectacular fashion, with Singapore flag in tow
American pop star Lady Gaga at her sold-out Singapore concert at the National Stadium on May 18, the first of her four concerts at the venue. PHOTO: ST READER 'You are so special to me': Lady Gaga returns in spectacular fashion, with Singapore flag in tow SINGAPORE - American pop star Lady Gaga played a dazzling, sold-out set at the National Stadium on May 18, the first night of her four gigs in Singapore, her only stops in Asia. Backed by a group of dancers, the theatrical two-hour show in support of her latest album Mayhem (2025) featured tight choreography and a spectacular stage set-up with multiple props and costume changes. Kicking off the proceedings at 8.15pm, 15 minutes after the stipulated start time, the 39-year-old actress-singer-songwriter appeared in an exaggerated towering red Tudor gown and launched into an orchestral rendition of her 2011 song Bloody Mary. The crowd at the 55,000-capacity venue then eagerly danced along to the follow-up song, an energetic rendition of dance-pop banger Abracadabra from Mayhem, released in March. The concert was styled as a dramatic five-part opera, chock-full of 22 old and new hits, and Lady Gaga would appear on stage after each interval in a different costume, which included armoured bodysuits, feathered wings and flowing trains. 'You are so very special to me, my Little Monsters in Singapore,' she told the audience at one point, adding that she had fond memories of her previous shows in Singapore. American pop star Lady Gaga at her sold out Singapore concert at the National Stadium on May 18, 2025. PHOTO: ST READER She last played here at the Singapore Indoor Stadium in 2012, as part of her Born This Way Ball world tour. She also staged a concert at Fort Canning Park in 2009, and did two exclusive showcase performances for local telco Singtel in 2009 and 2011. While singing the 2010 track Alejandro, she brought out the Singapore flag and draped it over one of the multiple balconies on the set. At her recent concerts in Brazil and Mexico, she did the same with their national flags. And during Vanish Into You, another track from Mayhem, she walked down from the stage to the standing floor to get up close to her fans, accepting their bouquets and signing an autograph. Lady Gaga is also set to perform on May 19, 21 and 24. Her Mayhem Ball world tour, which kicks off in July, will visit smaller venues in the US, Europe and Australia. The award-winning multi-hyphenate has been garnering rave reviews for her 2025 concerts so far, including a free show at Copacabana Beach in Brazil. That drew an estimated 2.5 million people, the highest-attended concert by a female artiste. The crowd ahead of Lady Gaga's Mayhem Ball Tour held at the National Stadium on May 18. ST PHOTO: MARK CHEONG Ms Liow Ying Xuan, a 21-year-old student, called the Singapore opening night 'exhilarating'. She told The Straits Times: 'It felt like a dance party where all of us were just in a very intimate space, being ourselves and singing and dancing along to the music. Even though we were physically far from her, we felt connected to her as an audience.' When Lady Gaga took out the Singapore flag, Ms Liow – whose interest in the music artiste was piqued most during the Covid-19 pandemic, thanks to the album Chromatica (2020) – was 'so shocked'. 'I felt like she really appreciated and enjoyed performing here, that she was really honoured to be here and loved our presence. 'Her interaction with the audience was really genuine – especially coming from a big star. I think it was really cute that she went down to the floor to shake hands with the fans there.' Calling his idol a 'live Pinterest' board, Mr Quang Pham, 24, said he was spoilt for choice when it came to playing dress-up for the big day. Quang Pham, a 24-year-old copywriter from Vietnam, pictured ahead of the concert on May 18, 2025. ST PHOTO: MARK CHEONG He eventually decided on an outfit inspired by what she wore when performing Bad Romance (2009) at music festival Coachella in April. The copywriter from Vietnam added: 'What I like about Lady Gaga the most is her uniqueness, from her style to her music to the way she performs. She is the definition of originality. And after more than a decade of following her, finally being here to meet her – my 14-year-old self would be proud.' Additional reporting by Dorcas Lim and Gabrielle Marie Sunderaj Join ST's Telegram channel and get the latest breaking news delivered to you.
Straits Times
18-05-2025
- Entertainment
- Straits Times
Bedok Town Square transforms from polling station to arts venue
Bedok Town Square was a polling station (left) during Singapore's general election on May 3 and transformed for the Singapore International Festival of Arts, as pictured on May 16. ST PHOTOS: DESMOND WEE, MARK CHEONG SINGAPORE – The bustling commuter hub of Bedok Town Square has undergone chameleonic changes in three short weeks. On May 3, the square hosted a polling station as Singaporeans turned out to vote in the general election. The set-up was minimal, steel frames and plastic tape delineating the outlines of the space and simple booths for voters. Two days later, another crew had moved into the space and transformed it in 11 days into the setting for the Singapore International Festival of Arts (Sifa). Artist Wang Roubing's Beneath Tide, Running Water is a giant kinetic installation that also serves as the stage for Singapore Ballet dancers, who performed Christina Chan's Pact Of Water. As part of the show, the Orchestra of Music Makers played composer Philip Tan's Ode To The Sea while multidisciplinary artist Brian Gothong Tan's Speculative F(r)ictions unfolded on the screens. It is the first time the annual arts extravaganza has commissioned an opening work that premiered in the heartland and is free for all audiences. The show brought a different vibe to the space, which opened in 2016 and was envisioned by HDB as the first new-generation town plaza. Similarly, the neighbourhood setting, with a clangorous hawker centre and delicious food scents, lent unexpected savour to the Sifa show. The Sifa pavilion will host more free events and performances until the festival ends on June 1. Look out for Nadi Singapura and Drama Box's performances as well as weaving and singing workshops. Go to for more information. Join ST's Telegram channel and get the latest breaking news delivered to you.
Straits Times
13-05-2025
- Business
- Straits Times
Shopee-owner Sea quarterly revenue jumps on steady e-commerce demand
Purchases on Shopee surged ahead of the summer holiday and travel season. ST PHOTO: MARK CHEONG South-east Asian technology firm Sea on May 13 reported a 30 per cent surge in its first-quarter revenue, helped by steady growth in its e-commerce, entertainment and financial services businesses, sending its shares up over 7 per cent in premarket trading. Purchases on Sea's e-commerce platform, Shopee – available across various South-east Asian countries and Taiwan – surged ahead of the summer holiday and travel season. The platform, which is a market leader in Indonesia, has attracted a large user base and become a significant growth driver for its parent company. Shopee also offers diverse product categories, integrated digital payments, and interactive features like live streaming and in-app games. The company's revenue rose 29.6 per cent to US$4.84 billion (S$6.3 billion) for the January to March period, compared with analysts' average estimate of US$4.89 billion, according to data compiled by LSEG. Sea's e-commerce segment, which accounts for more than two-thirds of the company's total business, reported a 28.3 per cent jump in revenue in the first-quarter. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Straits Times
06-05-2025
- Straits Times
Singaporean man charged in Johor with trafficking 10kg of drugs
The offences took place at an apartment unit in Danga Bay in Johor Bahru on April 23. ST PHOTO: MARK CHEONG JOHOR BAHRU - A Singaporean man was charged at the Sessions Court in Johor with five counts of allegedly possessing and trafficking a total of 10.11kg of drugs in April . The accused, Tan Ban Choon, 47, nodded his head after the charges were read in Mandarin before Judge Mohammad Khalid Ab Karim on May 6. No plea was recorded as the case falls under the jurisdiction of the High Court. According to the charge sheets, Tan, who is unemployed, was accused of trafficking 10,024g of powdered MDMA. The charge was made under Section 39B(1)(A) of the Dangerous Drugs Act 1952, punishable under Section 39B(2) of the same Act, which carries the death penalty or life imprisonment, along with a minimum of 15 strokes of the cane upon conviction. In the same court proceeding, the accused also faced four other charges of possessing drugs, namely 9g of heroin, 44g of cannabis, 6g of powdered MDMA and 31.3g of ketamine. All the offences took place at an apartment unit in Danga Bay at around 10pm on April 23. The possession charges were brought under Section 12(2) of the Dangerous Drugs Act 1952 and are punishable under Section 12(3) of the same Act, which provides for a fine not exceeding RM100,000 (S$30,790) or imprisonment of up to five years, or both, upon conviction. Another charge was made under Section 6 of the Dangerous Drugs Act 1952 and is punishable under Section 39A of the same Act, which provides for a jail term between two and five years , and between three to nine strokes of the cane. Judge Mohammad Khalid did not grant bail, and the case is set for mention on July 29 pending a chemical report. Deputy Public Prosecutor Siti Fatimah Mamu prosecuted the case while the accused was not represented. THE STAR/ASIA NEWS NETWORK Join ST's Telegram channel and get the latest breaking news delivered to you.
