Silicon Valley is a region in the southern part of the San Francisco Bay, California in USA that acts as the global hubr for high technology and innovation. Companies like Apple, Google, and Facebook are some of the well-known brands that run their operations from Silicon Valley.
“The Silicon Valley of Asia”
Long established as a global financial center, Singapore also looks set to become the “Silicon Valley of Asia.”.
Singapore has gone through tremendous advancements since gaining self-governance in 1959. Singapore’s development has been so rapid that it is arguably the 20th century’s most successful development chronicle, and rightfully so.
Singapore was transformed into a major manufacturing and financial center after its proclamation in 1965 despite having limited land and as many natural resources.
Singapore has long been established as a global financial center and is now set to become the “Silicon Valley of Asia”.
China’s tech giants Tencent, ByteDance, and Alibaba have plans to invest and set up regional headquarters in the city-state. By doing so, they will be adding their names to a long list of other tech giants like Amazon, Google and Facebook, which have long established their presence in Singapore as their regional research and development hub.
So how does Singapore do it?
Read more on why Singapore is the next Silicon Valley at this InCorp Global blog.