Singapore Economic Development Board (EDB)

Applied Materials, the global #semiconductor equipment leader, is expanding its research lab with the National University of Singapore to develop industry-scale solutions that can meet the growing demand for more advanced, powerful and energy-efficient chips. In Phase 2, the Applied Materials-NUS Advanced Materials Corporate Laboratory will focus on integrated processes and interface engineering, to enhance the readiness of materials for industry use. Supported by the National Research Foundation Singapore, the lab will also grow a broader pool of specialist #talent through a new professorship at NUS to advance semiconductor research, while providing new education and training opportunities for students and professionals in microelectronics, advanced materials and process engineering. Phase 2 of the lab builds on work done in Phase 1 since 2018 – it has filed over 50 patents, trained more than 70 researchers, students and engineers, and supported 6 PhD scholarships under EDB’s Industrial Postgraduate Programme. #Singapore houses Applied Materials’ regional headquarters, and the company actively collaborates with A*STAR - Agency for Science, Technology and Research research institutes and local SMEs to develop and trial new innovations and solutions. Partnerships, like the one between Singapore and Applied Materials, are especially valuable as the industry works to meet rising demand for advanced chips, with the market expected to hit US$1t in sales by 2030, said Deputy Prime Minister Heng Swee Keat at the launch of Phase 2. Singapore welcomes more like-minded partners to work with us. Learn more about our semiconductor ecosystem and read about the Applied Materials-NUS Corporate Laboratory here: https://lnkd.in/gbSFYDzs Images are courtesy of the Ministry of Digital Development and Information.

Big news for Singapore’s startup ecosystem – marking a great start to the Singapore Week of Innovation and Technology (SWITCH) 2024! Here are three initiatives that aim to catalyse the development of new and transformative solutions and elevate Singapore’s startup ecosystem, announced by Deputy Prime Minister Heng Swee Keat. 1️⃣ A top-up of S$440m to the Startup SG Equity scheme, where the government co-invests with the private sector in innovative Singapore-based deep tech startups that have strong potential to scale globally. This enhancement will allow Singapore to attract and partner with an expanded pool of global, prominent VC firms to invest in such startups. There will be an added focus on startups pioneering innovations in areas like Biotech, as well as emerging technologies like Quantum Tech and Space Tech. 2️⃣ An increase in the co-investment cap from S$8m to S$12m for each startup. High-potential deep tech startups can access additional support in early stages of developments and be better positioned to scale your solutions. 3️⃣ “Stage One” – A new one-stop platform to connect local and global tech startups under one roof to foster collaborations. Led by Enterprise Singapore and EDB, with ACE.SG (Action Community for Entrepreneurship) as the appointed operator, it will focus on driving capabilities building for business growth and provide opportunities for market access and internationalisation. Read more about the initiatives here: https://lnkd.in/guU77ttz #SWITCHSG

Tate & Lyle, a global supplier of ingredient solutions for healthier food and beverages, is making a "multi-million pound investment" in #innovation in Singapore. The Automated Lab for Ingredient Experimentation (ALFIE) adds to the company’s existing presence in Singapore, where it formulates #food and beverage solutions for manufacturers across the region. ALFIE will accelerate the development of innovative food ingredient solutions and design through #automation and advanced data analytics. It will help companies nail down snack textures that appeal to customers, design appealing products with healthier ingredients and formulate alternative or replacement ingredients that don’t compromise taste or texture. With ALFIE, Singapore will become Tate & Lyle’s APAC hub for what it calls “mouthfeel” R&D and customer solutions. Says Andrew Taylor, President for Tate & Lyle’s Asia, Middle East, Africa and Latin America operations: “If you consider that about 60% of the world’s population lives within a five-hour flight of Singapore, the location for ALFIE places Tate & Lyle very much at the centre of the future of food globally.” Singapore is a trusted location for business, with an ecosystem that can support cutting-edge innovation in the food and nutrition space. Tate & Lyle’s new investment in ALFIE will support Singapore’s Food Manufacturing Industry Transformation Map (ITM) 2025, which charts Singapore’s development into a leading food and nutrition hub in Asia. Read more: https://lnkd.in/gsjmqY27

Singapore is committed to its goal of achieving #netzero emissions by 2050 by working with countries, companies and like-minded partners to pursue new pathways to #decarbonisation.   Deputy Prime Minister Gan Kim Yong and Second Minister for Trade and Industry Tan See Leng took to the stage during #SIEW2024 to share about some of the initiatives and measures that the Singapore government will be undertaking to enable the energy transition. This includes: 1️⃣ Expanding low-carbon electricity imports and supporting the development of renewable energy projects in the region. 2️⃣ Calling for feasibility studies on carbon capture and storage to explore decarbonisation pathways for natural gas. 3️⃣ Partnering with companies like SP Group and ComfortDelGro on regulatory sandboxes that will enhance our power grid reliability. 4️⃣ Working with global organisations such as the International Energy Agency (IEA) to advance regional cooperation on sustainability-related issues in Southeast Asia. Swipe to find out more!   To support businesses in reducing their Scope 2 emissions, the Energy Market Authority (EMA), the Energy Research Institute @ NTU and Enterprise Singapore have jointly developed a playbook which provides practical strategies on how businesses can enhance energy efficiency and lower electricity-related carbon emissions. Learn more here: https://lnkd.in/gs_A_Wjd Images are courtesy of EMA.

From startups to MNCs in manufacturing, services, logistics and more, companies in #Singapore are investing in #AI and generating new job and business opportunities here. Tech companies like Amazon Web Services (AWS), Oracle, Microsoft, Meta, Google and NVIDIA are also involved in large-scale initiatives to accelerate AI adoption across the country and build a skilled talent pool. Hear from EDB Executive Vice President Ih-Ming C. on the state of play for AI #innovation and adoption in Singapore, in light of the government’s S$1b investment commitment to increase AI compute and support talent and industry development over the next five years. There are now: ⚪ 1,100 AI start-ups ⚪ 150 AI R&D teams ⚪ Five AI accelerators supported by the government The Singapore government also plans to work with 100 leading corporates to set up AI Centres of Excellence here. Learn why OpenAI and Writer are choosing Singapore as their regional hub to capture new growth opportunities in Southeast Asia.

At Hyundai Motor Group Innovation Center Singapore (HMGICS), Singapore’s first EV assembly and #innovation facility, Singaporeans are involved in pushing the frontiers of #EV manufacturing. Production Manager Spencer Lee and Quality Control Engineer Luqman Hakim play key roles in the HMGICS facility, from leading Hyundai’s manufacturing operations in Singapore to ensuring that all EVs produced here meet global standards. Swipe to learn more about the work that Spencer and Luqman do in HMGICS! Located in JTC Corporation’s Jurong Innovation District, HMGICS features a first-of-its-kind cell-based production system, which breaks away from traditional conveyor-belt manufacturing by allowing the assembly of several products at once. The plant also employs #AI, Internet of Things and robotics in the development of new manufacturing technologies and production of EVs here.    HMGICS now assembles the IONIQ 5 and IONIQ 6 vehicles here. Read on to discover how Hyundai is partnering with local R&D players to advance the development of sustainable mobility solutions in Singapore: https://lnkd.in/gmeh4t3p

Keen to maximise the potential of #AI for your business in Asia? IBM’s ASEAN General Manager and Technology Leader, Catherine Lian, outlines how government support and access to partners in #Singapore can help companies overcome major hurdles to effective AI adoption. ✅ Singapore is deploying AI at a national level through progressive policies and large-scale partnerships with tech giants. ✅ Our R&D ecosystem is pushing the boundaries of AI #innovation. This includes conducting research with significant translational potential. ✅ A robust connection to the rest of ASEAN enables companies like IBM to have a say in developing frameworks and best practices for the ethical use of AI in the region. Read on to learn more.

Corning Incorporated, Gradiant, Google and Procter & Gamble are among the nearly 6,000 #US businesses pursuing #innovation and growth across Asia, from #Singapore. Singapore’s highly-skilled talent pool, regional connectivity and innovation ecosystem spurred Corning to set up its regional headquarters here, says General Manager for Southeast Asia Adrian Chan. For US water treatment company Gradiant which also has its APAC headquarters here, Singapore’s commitment to research and innovation was a key factor, says President Govind Alagappan. US enterprises have also focused on talent development - providing team members with professional growth opportunities and facilitating knowledge transfer in cutting-edge technologies. This has allowed young Singaporean professionals such as Procter & Gamble research specialist Melvin Chia and Google program manager Koh R. to upgrade their skills and build long-term careers. As we close off the year that marks the 20th anniversary of the Singapore-US Free Trade Agreement, learn more about the US companies anchored in Singapore and the work that Singaporeans do in these MNCs. Read the full story now.

The world’s largest container transshipment hub in #Singapore is expanding to enhance cargo flows and boost #logistics efficiency for businesses here. The new PSA Supply Chain Hub @ Tuas (PSCH) will be ready by 2027 to serve as a key Regional Distribution Centre and Container Freight Station (CFS), strengthening Singapore’s position as a supply chain powerhouse. Strategically located within the Tuas Port Free Trade Zone, PSCH will span over two million square feet – equivalent to more than 35 football fields – and integrate cutting-edge robotics and automation for real-time #supplychain visibility. Companies will also be able to access state-of-the-art facilities such as: ⚪ A Cold Room and a Dangerous Goods warehouse for handling higher-value cargo, including pharmaceuticals and sensitive chemicals. ⚪ An Automated Storage and Retrieval System which operates 24/7 to ensure the seamless movement of goods for maximum productivity. ⚪ A CFS warehouse dedicated to cargo consolidation and deconsolidation for smoother and quicker cargo handling. PSA Singapore’s new facility will help strengthen synergies with Tuas Port and the wider logistics network in Singapore, which is home to globally leading 3PLs and carriers. Businesses can be assured of a more connected, reliable, and sustainable end-to-end supply chain into Southeast Asia and beyond. Learn more about how PSCH reinforces Singapore’s role as a trusted hub for global and regional supply chains: https://lnkd.in/geYhbCwS

For Micron Technology, one of the world’s largest #semiconductor companies, Singapore’s ability to groom and attract #talent makes it stand out as a hub for business, says Manish Bhatia, Executive Vice President of Global Operations. Over the past 20 years, Micron has invested more than S$40b in #Singapore, which serves as its global Center of Excellence for NAND flash memory. Micron operates four memory wafer fab plants here, along with a test and assembly facility, allowing it to serve global demand for chips used in applications such as mobile phones, automobiles and data centres. The company has 9,000 staff, with another 9,000 partners in roles that contribute to its operations here. Hear from Mr. Bhatia on why Singapore’s ecosystem allows Micron to operate at the leading-edge with “tremendous efficiency” and how the company partners our Institutes of Higher Learning (IHLs) to cultivate a strong pipeline of semiconductor talent. Mr. Bathia was conferred the Public Service Medal (Friends of Singapore) award during last year’s National Day Awards. Under his leadership as EVP, Micron continues to make significant investments to expand and deepen its operations in Singapore.