• OVER 260 BUSINESS LEADERS FROM THE
  SEMICONDUCTOR INDUSTRY SHARED INSIGHTS ON AUTOMOTIVE, A KEY SECTOR THAT WILL
  DRIVE THE INDUSTRY IN SINGAPORE IN THE NEXT 2 TO 3 YEARS.
• PARADIGM SHIFT IN QUALITY MINDSET WILL BE ESSENTIAL FOR THE
  AUTOMOTIVE BUSINESS TRANSFORMATION

SINGAPORE
-�Media OutReach�-�10
October 2019 - The semiconductor
industry has contributed 7.8% of Singapore's GDP and supported 35% of the
manufacturing workforce. Despite the industry facing a slowdown made worse by
prolonged trade tension between US and China, the automotive semiconductor
market is going to be a key driver for the semiconductor industry - expected to
expand from US$37.4 billion (S$51.5 billion) in 2017 to over US$58.5 billion in
2023. This growth is fuelled by advancement in technologies such as 5G,
artificial intelligence, electric vehicles and automobiles.

"Embracing
the Mobility Transformation" was the theme of the Singapore Semiconductor
Industry Association (SSIA) Summit 2019, where 9 speakers from different
companies and agencies including National Research Foundation, Micron, Infineon
Technologies, Soitec, Xilinx, A*STAR's Institute of Microelectronics,
Singapore-MIT Alliance for Research and Technology, National Instruments and
Institute of Materials Research and Engineering, shared insights on the
mobility trends, and the paradigm shift in quality mindset required for the
mobility business transformation. There was also a panel discussion on "Technologies
that will shape the future of mobility" where representatives from SSIA, CapitaLand,
Asia Mobility Industries, TPG Telecom Pte Ltd and Soitec discussed on how
different technologies like AI and 5G will enable fully autonomous vehicles in
Singapore and the region.

Over
450 delegates from over 70 companies attended the annual flagship SSIA Summit
and Dinner. Mr. Ang Wee Seng, Executive Director, SSIA, said in his opening
speech, "Getting into the automotive semiconductor business isn't as easy as
one might imagine. Zero Defects, the comprehensive automotive
quality control, can't be achieved by simply setting up a system or solution in
the company. It can only be achieved by a paradigm shift in quality mindset and
needs to be built into the core values of the business and starts with the
company's leadership."

The
event ended with a gala dinner, the Semiconductor Dinner, with Mr Damian Chan,
Assistant Managing Director of EDB, as the Guest of Honour. This year's Dinner carried
the theme "Fostering Talents for Tomorrow" to reinforce the importance
of talent development amidst different economic challenges. SSIA has also signed
an MOU with NTUC LearningHub to collaborate on initiatives to upskill and
upgrade the workforce for future industry needs.

SSIA
has been working closely with different agencies such as WSG and e2i to help
companies in talent recruitment, development and retention. Mr Andrew Chong,
Chairman of SSIA, said in his speech at the Dinner, "Having the right business
strategy or investment cannot make a business successful without the right
people to execute. It's now a challenging time for the industry, but it is also
the right time to invest in our workforce and keep our talents."

Speakers and presentation
topics at the Summit:

About Singapore Semiconductor Industry Association

Singapore Semiconductor Industry
Association (SSIA) has more than 160 members today including companies and
organisations throughout all parts of the complex and comprehensive value chain
- IC design companies, Manufacturers, Fabless companies, Equipment suppliers,
Photovoltaic companies, EDA and material suppliers, Training and service
providers, IP companies, research institutes and Academia, as well as
individual members. Since 2013, SME membership has grown exponentially and SMEs
now account for close to half of SSIA's membership. For more information about
SSIA, please visit: https://ssia.org.sg/