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Serial System sets ambitious $1.3b revenue target

LOCAL electronic component distributor Serial System yesterday laid out ambitious plans as it strives to notch up US$1 billion (S$1.3 billion) in revenue this financial year. The firm's portfolio will be expanded to include higher-value components aimed at growth industries such as automotive, mobile phones and cloud computing. New markets including the US and Europe are on its radar, and Serial ...MORE

NTU rolls out $7m high-speed digital effects lab

IT CAN take days to render and process just one second of visual effects in a film. But a new research lab at the Nanyang Technological University (NTU) can get the work done in a minute or less, in what is expected to result in huge cuts in the cost of making films, animation and games. Called the Future Studios Research ...MORE

Keppel T&T full-year profit up 13.9% at $63.2m

HIGHER revenue and other income pushed full-year profit for Keppel Telecommunications & Transportation (Keppel T&T) 13.9 per cent higher to $63.2 million. For the year ended Dec 31, 2013, revenue stood at $161.7 million, up 17.6 per cent as both the data centre and logistics divisions pulled in higher revenue. Last year, revenue for the logistics segment grew 14.4 per cent to $110.8 million, ...MORE

HCL gears up for Gen 2.0 outsourcing

[NEW DELHI] HCL Technologies, India's fourth biggest IT services company with a run rate of US$5 billion in annual revenues, is looking to differentiate itself from its peers by transforming itself into a Gen 2.0 outsourcing services provider. One of HCL's marquee customers is the Singapore Exchange (SGX), with which it signed a major outsourcing deal worth S$110 million in 2010. Speaking to ...MORE

Pacnet opens 2nd data centre here

SINGAPORE'S clout in the fast-growing big data industry took another leap when Pacnet opened a US$90 million (S$114 million) data centre in Paya Lebar yesterday, its second such facility here. Pacnet, a leading network and technology solutions firm, said the 155,000 sq ft facility meets security requirements laid ...MORE

ST Engg's electronics unit clinches $593m of contracts in Q4

SINGAPORE Technologies Engineering's electronics arm, ST Electronics, secured about $593 million worth of contracts in the fourth quarter of last year. Of this, $353 million comes under advanced electronics and information communications technologies (ICT) solutions. The awards relate to integrated security management systems, systems integration, operational and maintenance support and services, ...MORE

Better global demand seen boosting semicon sector

[SINGAPORE] The old has gone, the new has come. After the global downturn that the semiconductor industry was mired in last year, 2014 looks set to be a rosier year for this cyclical sector, amid regained confidence that better global demand will bolster manufacturing in Singapore. Signs are indicating that the world economy is on a growth path. The International Monetary Fund has said that it ...MORE

DBS taps supercomputer for wealth management

THE supercomputer that trounced human competitors in the American game show Jeopardy has found a new job as a DBS Bank wealth management expert. Watson, as the high-tech genius is known, will crunch reams of data - financial, political and anything else that impacts investors - and suggest various financial options for bank customers. DBS has taken the unusual move of recruiting Watson - or at ...MORE

Tech players big on wearable gizmos

SMART watches, wrist-worn fitness trackers and smart ear buds which can monitor heart rates are in the spotlight this year. Even before the annual Consumer Electronics Show kicked off yesterday, a slew of tech companies have been falling over themselves to show off their upcoming wearable gadgets at pre-show press conferences. South Korean electronics giant LG signalled its first foray into the ...MORE

Samsung ahead of the curve with bendable TV

CURVED televisions have only just hit the market, but tech companies are already showcasing the next leap in living room technology - flexible screens. On the weekend before the annual Consumer Electronics Show (CES) in Las Vegas, Korean tech giant Samsung demonstrated its bendable television prototype, which uses moving gears behind the TV panel to shift it from a flat screen position to one ...MORE

Singapore firms working on smart chips for IoT

[SINGAPORE] As we approach the dawn of the Internet of Things (IoT), some of Singapore's top tech firms are working on researching ways to put the island state on the global map. The Internet of Things is a concept that refers to the set of sensors and devices out there in the world, all connected to the Web in some form or other. The concept was coined more than a decade ago, but is now starting ...MORE

WE buying HK-based electronics distributor Everbest

WE Holdings, the electronics distributor that is exploring Myanmar cement and resources opportunities, is acquiring Hong Kong-based electronics distributor Everbest Industrial (International) for US$7.4 million. The purchase will be paid for entirely in stock. WE Holdings will issue vendor Lin Zhijiong 287.6 million new ordinary shares (about 14.12 per cent of the enlarged capital) at 2.57 US ...MORE

Samsung, Android extend domination in smartphones

GOOGLE'S Android smartphone operating system (OS) continued its domination in the global smartphones market with an 81 per cent share in the third quarter of 2013. Apple's iOS operating system came in a distant second with a 12.9 per cent market share, according to results released by IDC. Despite the high base effect, the Android OS has increased its market share from the 74.9 per cent in the ...MORE

SIA confident venture with Tata will take off

WHILE mindful of the challenging operating environment in India's aviation industry, Singapore Airlines (SIA) is confident that its planned joint venture with Tata Sons for a New Delhi-based airline will take off. By no means do we think this is going to be a walk in the park, said chief executive officer Goh Choon Phong at a results briefing yesterday morning, noting that India's domestic ...MORE

Mobile marketplace app Carousell secures $1m in seed funding

LIANA Ho, or "altego" as she is known to buyers online, has sold over 50 Star Wars and gaming T-shirts via Carousell since December last year. With 1,463 followers, she is among the top one per cent of followed users on the Singapore-based mobile marketplace app, and said that since she started using Carousell, she has not been able to stop. Yesterday, Carousell announced that it has raised $1 ...MORE
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