Today’s News
Singapore’s state investor, Temasek, has announced plans to invest up to USD 30 billion in the United States over the next five years, targeting sectors such as healthcare, financial services, and technology.
Image Source: New Straits Times
Jane Atherton, Temasek’s head of North America, emphasized the strategic depth and breadth of the U.S. market, noting, “The U.S. is really at the forefront of everything that’s happening from the AI perspective.”
The U.S. economy’s robust growth, outpacing global counterparts, combined with a surge in the S&P 500 driven by AI enthusiasm, contrasts sharply with China’s weaker-than-expected economic performance. Temasek’s investment focus in the U.S. will particularly hone in on AI-related fields such as data centers, semiconductors, and battery storage.
Currently, 22% of Temasek’s investments, amounting to USD 63 billion, are in the Americas—surpassing its investments in China for the first time in a decade. Atherton highlighted the strategic shift, noting, “Geopolitics always plays a role,” and acknowledged China’s recent underperformance compared to the U.S. market.
Temasek, managing a USD 288 billion portfolio, remains focused on long-term investment themes like digitization and sustainability. Atherton added, “You’ve seen some multiple expansion, but that’s been driven by higher growth, and in theory it’ll pay for it,” indicating a strategic rationale for the substantial U.S. investment.
The firm is also exploring opportunities in both public and private markets, adapting to the changing landscape as more private equity firms begin to divest.
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