Singapore International Political Economy

Applied Materials, the US based microchip equipment maker, plans to invest in Singapore according to The New York Times.

The Singapore investment with go towards the building a plant worth as much as $70 million for a late 2009 launch and will account for as much as 40 percent of Applied Material’s sales.

The move fits well into the Singapore government’s plan to position Singapore as a leader in higher value-added Nano manufacturing technology.