Singapore’s electronics output rose 11.2% year over year in July, slowing from 21.1% in June to an 11-month low partly because of a higher comparison base last year. Maybank economists said the sector should continue benefiting from global AI infrastructure construction, arguing that the AI boom is unlikely to end soon. Demand for Singapore-made semiconductor equipment remains strong as chip-production capacity expands worldwide. Singapore accounts for about 20% of global semiconductor-equipment production, Maybank said.