Semiconductor unicorn Silicon Box vows to avoid geopolitical mire
Company will reject state-linked funds and base manufacturing on more neutral ground, says CEO
SINGAPORE’S latest tech unicorn Silicon Box, which pushed past a US$1 billion valuation after a US$200 million funding this year, intends to steer clear of the geopolitical tug of war that has jolted the global semiconductor industry.
The company’s efforts to remain neutral have influenced many early decisions – from its manufacturing bases to its sources of funding, CEO Han Byung Joon told The Business Times.
“The tension is going on, which is unfortunate. But we have to learn how to live with it,” said Dr Han of US-China relations.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Startups
Vietnam education startup Prep bags US$7 million in Series A funding
Cruise operator Viking prices IPO within range to raise US$1.54 billion: source
Ninja Van axes more than 20 employees in tech team in Singapore
Temasek-backed PsiQuantum to build first commercial quantum computer
Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too
GoTo narrows Q1 loss to 420 billion rupiah with TikTok deal, cost cuts