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

NEWS

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He left college at 21 to start firm

UMS Holdings chief executive Andy Luong has big plans lined up for the precision engineering firm, as the global semiconductor industry is on the cusp of yet another boom.

The growth will be driven by mega trends in technology, such as the Internet of Things (IoT), autonomous vehicles, cloud computing and artificial intelligence.

"People talk about cloud computing, smart machines, ...more

Jump in June factory output sees economists revising upwards Q2 GDP growth estimates

Singapore

BETTER-than-expected industrial production numbers in June have led economists to expect Singapore's gross domestic product (GDP) growth for the second quarter to be upgraded to closer to 3 per cent, up from the latest flash estimate of 2.5 per cent.

Singapore's factory output went up 13.1 per cent last month from a year ago, making it the 11th straight month of expansion, ...more

ST Engineering sets up US$150m corporate venture capital unit

Singapore

ST ENGINEERING has set up a corporate venture capital unit to invest in promising technology startups and early-stage companies.

Announcing this on Tuesday, it said that it has set aside US$150 million in its coffers through ST Engineering Ventures, which will scout for and invest in startups that are developing new technologies or creating innovative solutions complementary ...more

Siemens opens its first global fully integrated digitalisation hub in Singapore

Singapore

GLOBAL technology giant Siemens opens its first fully integrated digitalisation hub in Singapore on Tuesday, with plans to help companies in the South-east Asia region digitalise.

Already, it has nailed three partnerships with SP Group, ST Electronics and Nanyang Technological University (NTU) to develop smart solutions, which were also inked on Tuesday.

In a showcase ...more

Working together to keep data safe

ONE key area where investments and cooperation are moving forward in both Hong Kong and Singapore is in the data centre space.

For example, Malaysian firm Kronologi Asia recently partnered Singapore Technologies Electronics (ST Electronics) to expand in Hong Kong, as part of its strategy to deliver transnational data backup solutions.

Hong Kong will be the second physical point of ...more

Manufacturing growth slows, but long-term trends offer tech support

THE thesis behind the year-long rally in tech stocks remains solid despite slower-than-expected industrial production and forecasts for a tempering of growth in the second half of the year.

While some of the heady year-on-year growth numbers that were seen in previous quarters may not last, the development of the digital economy continues apace, and should support fundamentals for tech companies ...more

Mazak opens new additive manufacturing plant in S'pore

Singapore

PRECISION engineering company Yamazaki Mazak Singapore ventures into advanced manufacturing with the opening of a new additive manufacturing solution centre here on Tuesday for its 25th anniversary.

The company also officiated the expansion of its tooling and machine tool production facility, and launched its green energy initiative. The event was attended by Senior Minister ...more

April factory output beats forecasts with 6.7% growth; focus now on weaker clusters

Singapore

SINGAPORE'S factory output in April performed better than expected, but economists are saying that it is near its peak performance. This is because the electronics cluster's expansion, which has driven much of overall output growth, is expected to slow down.

What matters now, they said, is when the weaker clusters will start catching up to stabilise economic growth.

Nomura ...more

Austria's ams AG unveils S$500 million new plant in Singapore

Singapore

AUSTRIAN high-performance sensor solutions supplier ams AG on Wednesday officially opened the new manufacturing facility of Heptagon Micro Optics Pte Ltd, a member of the ams group, in Singapore.

Heptagon's S$500 million investment in the new 300,000-square-foot Ang Mo Kio facility and equipment over two years constitutes the largest investment in the precision engineering ...more

SATS seeking to ramp up productivity with innovation

Singapore

GROUND-HANDLER SATS is aiming to boost productivity further as it implements new technological solutions for its business units, ranging from cooking robots to a smart wheelchair system.

The Civil Aviation Authority of Singapore (CAAS), the Economic Development Board and SATS have collectively committed to invest some S$110 million towards a new technology innovation "centre", ...more

A self-cleaning, talking robovac

THE one thing I hate more than having a dirty house is cleaning said dirty house. So thank the world of tech for the robotic vacuum cleaner, an invention that at its birth - said to have been in 1996, on the BBC science programme, Tomorrow's World - seemed almost too good to be true.

These gadgets, known also as robovacs or floorbots, can be programmed to clean your floors or rugs when you ...more

Hi-P turns around with S$8.4m Q1 profit despite revenue fall

Singapore

MANUFACTURER of consumer electronics Hi-P International has reversed from a S$12.4 million net loss a year ago to register a net profit of S$8.4 million for the three months ended March 31, 2017.

This comes even as it saw an 11.4 per cent drop in revenue to S$244.2 million.

Details of its first-quarter results were released on Thursday. No dividend was declared.

Singapore-based, ...more

8th straight month of growth in factory sector

The improving global economy has helped to lift Singapore's manufacturing sector but the run of strong growth seems to be showing signs of tapering off.

The purchasing managers' index (PMI) - an early indicator of manufacturing activity - logged its eighth straight month of expansion in April.

The PMI came in at 51.1 last month, a slight dip from March's 51.2 reading. A reading ...more

Industry 4.0 smarts vital to maintain Singapore's edge in manufacturing

SINGAPORE'S faster-than-expected expansion of manufacturing output in March, by 10.2 per cent, has cheered economists who now say that first-quarter gross domestic product (GDP) may have expanded at a faster rate than previously thought.

On a three-month moving average basis, manufacturing output rose 8 per cent in March compared to the year-ago period.

The importance of the manufacturing ...more

Explosive electronics demand expected to propel Q1 GDP growth

Singapore

SUSTAINED strong demand for electronics in the region has led to a faster-than-expected expansion in Singapore's manufacturing output - and potentially its economy.

Some economists, after seeing the strong expansion in industrial production in March, now say that the trade-reliant city-state's gross domestic product (GDP) in the first quarter is expected to have expanded ...more
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