Singapore’s photonics ambitions are entering their industrial test. AMF’s integration into GlobalFoundries and a new packaging agreement create routes to scale—but lasting influence will depend on reliable production, customer adoption and the expertise Singapore retains.
Infrastructure
Infrastructure connects cities, industries and markets, enabling Asia’s economic expansion and regional integration.
Mukesh Ambani’s real power lies not only in the size of Reliance, but in how he uses its balance sheet. Profits from mature businesses can finance new industries long before public markets are ready to price them.
Temasek is state-owned, but it is not a ministry. Through Dilhan Pillay, Altair Media examines how Singapore combines public ownership, commercial discipline and patient capital to invest across AI, infrastructure, energy and long-term economic transitions.
Japan does not lack capital. Its challenge is making that capital move. Through Hiromi Yamaji and the Tokyo Stock Exchange, Altair Media examines how governance reform, higher interest rates and changing corporate behaviour are reshaping the way Japanese capital is allocated.
AI is pushing semiconductor manufacturing in two directions at once: transistors are shrinking, while the infrastructure needed to produce advanced chips is becoming larger, more complex and increasingly dependent on coordination across Europe and East Asia.
For decades, Indonesia exported raw materials while much of the economic value was created elsewhere. Today, the country is pursuing a different strategy: transforming natural resources into industrial ecosystems that strengthen long-term competitiveness and reshape its position in global supply chains.
