Page 10 - SEID 2021_23Sept
P. 10

Singapore remains a choice location for companies in the electronics sector. The Republic accounts for 11 percent of the global market share for semiconductors and is home to more than 60 semiconductor companies. It is touted as one of the top locations for advanced semiconductor manufacturing, and more than half of the world’s semiconductor companies have research and development, as well as manufacturing activities here.
In August 2019, Forbes Asia launched its inaugural Best Over A Billion list, which spotlights 200 top-performing listed companies across the Asia-Paci c region with revenues of US$1 billion or more. Nine companies from Singapore have made it to the list, among them were two, ASM Paci c Technology and Venture Corporation, from the electronics sector.
Despite being in the increasingly volatile, uncertain, complex and ambiguous global environment; and against the backdrop of the global COVID-19 crisis, Singapore continues to build on its position of strength to create future growth in the electronics sector by focusing on high value-added activities.
“We must continue to invest for the longer term... This way, we will be ready to harness new opportunities when the global demand picks up,” Deputy Prime Minister Heng Swee Kiat said at the of cial opening of Micron Technology’s new and expanded semiconductor plant in Woodlands.
How to stay competitive goes back to the basic fundamentals, by having a skilled and nimble workforce, good logistics and strong ecosystem with the supporting research and development, DPM Heng highlighted.
In November 2018, Systems on Silicon Manufacturing Company (SSMC) opened its S$300 million cleanroom facility to boost the  rm’s automotive and specialty chip manufacturing. Micron Technology’s cleanroom facility, a multi-billion dollar investment that will enable technology transitions to advanced nodes of 3D NAND technology, was launched in August 2019. A month later, STMicroelectronics opened its new wafer fabrication facility which will more than double the company’s 8-inch fab manufacturing capacity. Within 13 months, the expansion of these three companies would create about 1,000 new jobs in Singapore.
Mr Sanjay Mehrotra, Chief Executive of Micron Technology, told The Business Times that the company will continue to make appropriate investments here in Singapore. “Singapore is our centre of excellence for NAND technology and production, and we don’t produce NAND wafers anywhere else.” NAND products make up about 30 percent of Micron’s sales.
To support the growth of the electronics sectors, JTC Corporation is building a 32,000 square metre semiconductor facility in Tampines. The JT semiconSpace will feature a vibration- controlled facility with speci cations to meet the stringent requirements of semiconductor operations. It offers companies a “quick-start plug-and-play solution”. The  rst phase is to be completed by 2021.
JTC is also refurbishing its four wafer fabrication parks to create more vibrant manufacturing workplaces for Singapore’s future workforce. The makeover, which includes adding greenery and connecting them to the islandwide park connector network, is part of the plan to rejuvenate Singapore’s industrial estates.
Said JTC chief executive of cer Ng Lang: “As our manufacturing activities continue to evolve, so too should our estates in order for Singapore to remain attractive as a manufacturing

   8   9   10   11   12