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9SINGAPOREELECTRONICSINDUSTRYDIRECTORY2024/2025electronicsindustryTodayAI-drivenpredictivemaintenanceinindustrialsettingsishelpingtoavoidunplanneddowntimessavingcostsandboostingproductivityInsmartagricultureAIpoweredsoilsensorsandsimulationmodelsareenablingfarmerstooptimiseoperationsandenhanceproductivityAsdemandforthesetechnologiesgrowbothathomeandabroadelectronicscompaniesinSingaporecanbenefitfromfulfillingthedemandinthesupplychainAlreadyAIapplicationsinSingaporeareexpectedtoexpandsignificantlyparticularlyinpredictivemaintenancesmartagricultureandconsumerelectronicsThisissolidifiedbyMinistryofCommunicationsandInformations(MCI)announcementinMarch2024wheretheyintroducedaslewofinitiativestoboostSingapores economic potential through AI TheseincludeinvestmentsofuptoS$500millionintosecuringhigh-performancecomputeresourcesforAIinnovationandcapabilitybuildingplansfordevelopingaDigitalEnterpriseBlueprint(DEB)tochartthenextboundofenterprisedigitalisationinSingaporeandmoreOnceagainthesesignspointtoexcitingopportunitiesforcompaniesinSingaporeselectronicssectorExpandingBeyondHardwareBeyondthetraditionalfocusonhardwaremanufacturingexcitingopportunitiesexistintherealmofsoftwareandservicesThegrowthof theInternetof Things(IoT)necessitatesrobustsoftwareplatformsformanagingandanalysingdatacollectedfromconnecteddevicesElectronicscompaniesonourislandcanleveragetheirexpertiseinelectronicstodevelopandoffercomprehensiveIoTsolutionsencompassinghardwaresoftwareanddataanalyticsservicesAdditionallywiththeincreasingcomplexityofelectronicssystemsthedemandfordesignservicesprototypingandtestingisexpectedtoriseBusinessesthatcanprovidethesespecialisedserviceshaveanopportunitytocarveoutanicheinthevaluechainSustainabilityConcernsAcrosstheglobetheelectronicsindustryfacesgrowingscrutinyregardingitsenvironmentalimpactE-wastegenerationisamajorconcernandresponsibledisposalandrecyclingpracticesareessentialBusinessesneedtoadoptsustainablemanufacturingpracticesthroughthelifecycle of theirproducts Thisincludes theuse ofeco-friendlymaterialsinproductmanufacturingimplementingenergy-efficientprocessesduringproductionandmoreAdditionallydesigningproductswithlongerlifespansandpromotingacirculareconomyapproachcanminimiseenvironmentalimpactOnthisnotehearteningsustainabilityinitiativescanbeseenacrossSingaporeTheseincludetheNationalEnvironmentAgencysinitiatives
