A comprehensive directory for the electronics and supporting industries in Singapore.


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$2m for start-up that tracks online browsing habits

Singapore-based telecommunications company GlobalRoam has invested $2 million in a local data analytics start-up. The deal announced yesterday involves GlobalRoam unit GNum linking up with aSpecial Media to launch a service called GNum Analytics that marries their core businesses. ASpecial Media tracks in real time the websites that consumers visit as well as their online shopping carts and pur ...more

Acronis to set up major R&D hub in Singapore

ACRONIS, which provides back-up, disaster recovery and other data protection services, will open a research and development (R&D) centre in Singapore. It hopes to make this one of the largest software research facilities in the country within three to five years. Talking to The Business Times, Mark Shmulevich, Acronis' chief strategy and operations officer, said the company's R&D lab will partner ...more

S$20m in government projects open up for Singapore tech firms

SOME S$20 million in government project opportunities have been created for Singapore tech firms under the Accreditation@IDA programme within a year of its inception. The Infocomm Development Authority of Singapore (IDA) announced on Tuesday that these come from 125 infocomm projects across 50 government agencies. Six projects commissioned by the Ministry of Manpower, Housing & Development Board, ...more

French giant LVMH buys home-grown start-up Luxola

Prestigious French luxury goods conglomerate LVMH has acquired home-grown beauty e-commerce start-up Luxola for a figure believed to be in the tens of millions of dollars. The purchase of four-year-old Luxola is being done through LVMH's cosmetics unit Sephora. The deal will enable Sephora to expand its business in South-east Asia using Luxola's e-commerce platform as a springboard. Ms Anne-Ve ...more

Leading SingPost's e-commerce charge

WOLFGANG Baier, 41, is a whirlwind of energy as he explains how e-commerce is going to change the world. More and more people will be buying fashion, high-tech products and even furniture and car wheel rims online, says the chief executive officer of SingPost. "It's going to change the way we human beings live and do things. You can see the patterns in US and Europe, and South-east Asia is leapfr ...more

Working up the value chain

HEADING into its sixth decade, Wong Fong Engineering hit what one might call its mid-life crisis. Hampered by a triple whammy of an aging workforce, land and labour constraints, brothers Liew Chern Yean and Eric Lew - the second generation in the family business still headed by their father and uncle - pushed for a rejuvenation and reinvention of the business. Mr Liew, the older of the two, is the ...more

Saying hello to a fourth mobile operator

NOISE on a possible fourth mobile operator here has reached a fever pitch. An impending response to a consultation paper on the possibility of a fourth operator is expected from the Infocomm Development Authority (IDA) soon. Attention so far has been trained on two contenders - wireless expert Consistel and My Republic, a fibre broadband retailer - which have publicly indicated their interest in ...more

US$4m Series C funding for Tech in Asia

HOMEGROWN tech news site Tech in Asia on Monday said it has raised US$4 million in Series C funding to expand the team and enhance its platform to better connect the region's tech startup ecosystem. This latest round, led by the SB ISAT Fund that is jointly backed by Indonesian and Japanese telcos Indosat and Softbank, also saw new participation from Facebook co-founder Eduardo Saverin; Walden In ...more

Seagate opens $100m R&D centre

SEAGATE Technology yesterday opened a $100 million design, research and development (R&D) centre to house 500 research scientists and engineers. The Singapore Seagate Design Centre, in Ayer Rajah Crescent, will focus on developing the technology giant's next generation of 2.5-inch storage drives. The facility, named The Shugart in honour of group founder Al Shugart, has two blocks - one with nin ...more

Tri5 Ventures unveils S$5m fund for Singapore ICT startups

A NEW S$5 million fund for Singapore seed-stage infocomm technology (ICT) startups has been launched this year, by new venture capital kid on the block Tri5 Ventures. Pronounced Thrive Ventures, the fund is backed by Far East Ventures - of Far East Organization - and Christopher Quek, local entrepreneur, investor and director at Angels Gate Advisory. Tri5 Ventures will invest between S$100,000 an ...more

SingPost acquires 30% stake in e-commerce firm Hubbed

SINGAPORE Post (SingPost) has acquired a 30 per cent stake in Australian e-commerce firm Hubbed Holdings for about A$4.3 million (S$4.45 million). The investment was made through indirect wholly owned Quantium Solutions (Australia), which acquired 85,715 ordinary shares in Hubbed. In an announcement on Wednesday, SingPost said that if certain agreed performance benchmarks were met, Quantium would ...more

Spring seeks partners to 'accelerate' start-ups in emerging sectors

SPRING Singapore is seeking partners to help develop local firms in promising new areas in the emerging engineering and heavy manufacturing sectors. It aims to appoint up to five partners - called accelerators in the industry - to "jointly identify, evaluate and invest in high-potential start-ups". The focus is on emerging sectors such as clean technology, additive manufacturing, nanotechnology ...more

HP unveils plans for new entities after split

THE separation of tech giant Hewlett-Packard is gathering pace, with more details emerging on how the two new entities will operate from Nov 1. Chief executive Meg Whitman told the firm's technology showcase in Las Vegas on Tuesday that one unit - HP Enterprise - will focus on four areas: cloud computing, security, software and mobility. "We're the only company that brings it all to you. Today, ...more

Digiland acquires 65% of S'pore software maker

DIGILAND, a wholly owned subsidiary of mainboard-listed IT and energy company Digiland International, on Wednesday said it has acquired 65 per cent (or 26,000 ordinary shares) of Singapore software maker iBase Technology International for S$26,000. "Together with iBase Technology Pte Ltd (iBase), the joint venture vehicle will develop and market real-time, multi-user enterprise solutions to suppo ...more

Intel makes bid for rival semiconductor maker Altera

New York COMPUTERS stuffed with super-fast chips are going everywhere: home appliances, cars, smartphones and giant data centres. This creates rich opportunities for makers of semiconductors, vastly increasing the number of places they can sell ever-smaller chips. But even as the demand for chips expands, the business has become ruinously expensive for all but the biggest players, and that is cau ...more
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