Singapore chip makers become US-China trade war casualty as firms cut jobs

Caught in the middle a US-China trade war while trying to address political concerns over Chinese telecoms firm Huawei and slowing consumer demand, chip makers in Singapore have started slowing production and laying off hundreds of jobs.The slump in a sector that made up nearly a third of Singapore’s manufacturing output last year is reinforcing expectations that the export-driven economy could slide into recession in the coming months.Making microchips for everything from mobile phones to cars…