Singapore has raised its 2026 economic growth forecast to 4.5%–5.5% after stronger-than-expected global AI investment helped lift semiconductor demand, exports, and manufacturing output. The upgrade turns the AI spending boom into something more concrete than rising tech valuations. For hardware manufacturers and suppliers across APAC, Singapore is showing how global AI capital spending can feed through into national growth. AI demand is lifting Singapore’s exports and manufacturingThe new forecast is Singapore’s second upgrade this year. MTI said global AI investment had been stronger than expected, supporting producers and exporters of AI-related products such as semiconductors.