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India, Singapore fortify semicon industry relations

Posted: 04 Feb 2015     Print Version  Bookmark and Share

Keywords:ESDM  wafer fabs  high-end manufacturing 

"Both Singapore and Indian markets are considered highly important markets in the global EDSM sector. There are emerging opportunities for Singapore companies to support the SPEED UP of the semiconductor fabs setup in India and also the electronics products creations as the demand continues to grow manifold in India, said Ashok Chandak, chair, IESA and senior director NXP Semiconductors.

"Through this MOU and the Whitepaper on India-Singapore ESDM industry collaboration opportunities, the member companies of both associations can harness the business potentials and strengthen the trade and Investment promotions between Singapore and India," he added.

Recommendations for collaboration areas in ESDM sector between IESA & SSIA:

A. Business to business opportunities:

  • Opportunity for Singapore companies to create support ecosystem for setting up fabrication units in India
  • Investment in ATMP units in India
  • Opportunity for Indian companies to help Singapore scale up design talent
  • Singapore companies to invest in electronic component ecosystem of India
  • Indian companies to set up operations in Singapore to explore emerging South East Asian markets
  • Singapore companies to explore India as a competitive location for Hitech competencies.

B. Government to government opportunities:

  • Joint fund for R&D
  • Partnership between Sector Skill Council for standardisation in skill development
  • Collaboration for implementing standards in area of electronics design, manufacturing

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