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According to the Singapore Economic Development Board (EDB), Singapore trains over 13,000 engineers and technicians annually, ensuring a steady stream of talent to the industry. EDB partners companies through various platforms such as the Singapore Industry Scholarships (SgIS), Industry Postgraduate Programme (IPP), and the EDB-NVIDIA Future Talents Program to groom the next generation of foundry engineers, IC designers, and AI talent.
Many electronics companies also provide a wide range of internship places and they collaborate with institutes of higher learning to offer students experiential learning experiences.
“The emergence and growing adoption of new technology applications in  elds such as arti cial intelligence, autonomous vehicles and smart manufacturing are long-term growth drivers that will fuel strong and diversi ed demand for semiconductor solutions,” said Mr Pee Beng Kong, Executive Director for semiconductors at EDB.
In The Business Times article, Is Singapore’s semicon sector on the skids? published on 9 November 2019, Mr Pee pointed out that the new technology markets are expected to account for more than 50 percent of Singapore’s semiconductor sector by 2030.
It augurs well that the semiconductor sector has ranked among those leading the way in adopting Industry 4.0 technologies, based on a EDB study of 200  rms that have undergone Smart Industry Readiness Index (SIRI) assessment.
The semiconductor industry accounts for more than 7 percent of Singapore’s gross domestic product, or total economic output, and is one of the largest industries within the country’s manufacturing sector. It employs
35,000 workers across 60 semiconductor companies. To future proof the businesses for a post-COVID world, companies need to adopt upskill their manpower and innovate.
Many of the world’s top Electronics Manufacturing Services (EMS) companies such as Flextronics, Solectron, and Venture are located in Singapore.
The “Global Electronic Manufacturing Services Market - Forecasts from 2020 to 2025” report by Research and Markets highlighted that the global electronics manufacturing services market is estimated at US$165.354 billion for the year 2019 growing at a CAGR of 14.17 percent to reach the market size of US$366.208 billion by 2025.
The growing demand for electric vehicles is one of the prime opportunities for electronic manufacturing service providers. The rising penetration of smart and handheld devices such as smartphones and tablets is also bolstering the growth of the market.
Original Equipment Manufacturers (OEM) are increasingly integrating advanced electronic components into electronic devices. There are also increasing opportunities for EMS companies to pursue areas such as medical devices and aerospace. Another electronic component technology that is being developed is the Organic Light Emitting Diode (OLED), which is gradually replacing LCD panels.
Singapore has emerged as the third most robust data centre market worldwide in a global ranking of 38 countries, and the only mature data centre market in South East Asia,
according to a report released by Cushman & Wakefield.
As compared to 2017, its ranking jumped four spots from seventh to third in 2019 and it retained the top position in the Asia-Paci c region. Singapore has attracted a number of tech companies to set up data centres here, the report noted.
Research and consulting  rm IndustryARC reported that the global data storage market was valued around US$35 billion - US$36 billion in 2018, and it is estimated to grow with a progressive CAGR of 18 percent to 22 percent over a forecast period 2019-2025. The analyst of the report attributes the prosperity of the data storage market to the radical adoption of cloud- based infrastructure by enterprises in order to increment their productivity.
Spurred by the rapid pace of digitisation and a surge in demand for cloud-based services, it is projected that the South East Asia region, including Singapore, Indonesia and Malaysia, will be the fastest-growing region for co- location data centres over the next  ve years, with its market size expanding by a CAGR of 13 percent between 2019 and 2024.
Facebook’s more than US$1 billion (S$1.38 billion) data centre in Singapore is slated to open in 2022. “It would be its  rst in Asia, and 15th in the world, a strong testament to Singapore’s continued strength as a global data centre powerhouse,” Cushman & Wake eld said.
International Data Corporation (IDC) predicts that the Global Datasphere will grow from 33 Zettabytes (ZB) in 2018 to 175 ZB by 2025. To keep up with the storage demands stemming from all this data creation, IDC forecasts that over 22 ZB of storage capacity must ship across all media types from 2018 to 2025, with nearly 59 percent of that capacity supplied from the Hard Disk Drive industry.

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