First Singapore Semiconductor Industry Association (SSIA) Internet of Things (IoT) Consortium to be Launched at the SSIA Summit 2016

The
Singapore semiconductor industry will take an unprecedented role in realising
the potential of smart technology that will lead the way towards an
innovation-driven economy and smart society with the IoT.

 

13 October 2016, Singapore – The semiconductor industry is one of the strongest performing sectors in
the Singapore economy and among the most important, if recent productivity
figures are anything to go by. In the face of flagging manufacturing output in
the first six months of this year, the semiconductor industry retains positive
growth. Given its role in almost all iterations of technology, the
semiconductor industry will play a key role in driving Singapore’s ambitious
Smart Nation vision that will depend heavily on far-reaching technology such as
the Internet of Things (IoT). It is therefore with this renewed sense of
importance that the leaders and professionals in the semiconductor industry
will gather at the upcoming SSIA Summit 2016.

SSIA is
also pleased to announce that the SSIA Internet of Things (IoT) Consortium will
be officially launched during the Summit by Guest-of-Honour Dr Koh Poh Koon,
Minister of State for the Ministry of National Development and the Ministry of
Trade and Industry. With the IoT being a crucial element for Singapore to power
her way to an innovation economy, and the semiconductor industry being the
catalyst in the development and realisation of such technology – the setting up
of such a Consortium is timely for bringing our Smart Nation into fruition. The
inaugural members of the Consortium will work closely with government agencies
and MNC partners to foster innovation in the IoT space and facilitate the
transfer of technology from MNCs to SMEs and start-ups so as to make such
powerful technology more accessible.

Says Mr Ulf Schneider, President of the SSIA, “The semiconductor
industry in Singapore is at the crucial juncture of the future, of which
incredibly smart technologies are going to change the way we live, work and
play. Our industry provides the building blocks and innovation drivers for many
of these amazing technologies, bringing breakthrough innovations to life. With
the rise of far-reaching technology such as the IoT, the semiconductor industry
will grow further in significance and scale in the years to come, and we are
eager to see how the industry will continue to reinvent itself with the
ubiquitous atmosphere of innovation of our times. The launch of the SSIA IoT
Consortium will also help bolster the concerted efforts to ensure that
seemingly disparate technologies that work intelligently together are made
available to people, communities and companies – ultimately working towards
realizing Singapore’s Smart Nation vision.”

More than ever, as Singapore prepares to reinvent herself into a
full-fledged innovation economy, the semiconductor industry must remain the
catalyst, by ensuring that it innovates in the face of life-altering
technology. Smart technologies will surely permeate every facet of life as we
know it: smart infrastructures and cities, autonomous driving, robots,
security, artificial intelligence, augmented reality and of course, the IoT –
all of which require the robust support of a strong and dynamic semiconductor
ecosystem that can continue to meet the ever-moving mark.

The SSIA Summit on 13th October 2016 will bring together
business leaders, strategy analysts, policy makers and technology experts to
meet and talk about the future of the semiconductor industry in Singapore. Set
to the theme of “Powering the Innovation Economy”, more than 200 high-profile top-executives
and professionals in the semiconductor ecosystem are expected to attend the
one-day event which will feature engaging panel discussions and talks by
industry leaders and an address by the Guest-of-Honour, Minister of State for
the Ministry of National Development and the Ministry of Trade and Industry, Dr
Koh Poh Koon. The keynote speaker will be Ivo Bolsens, SVP & CTO of Xilinx,
followed by talks from other industry leaders, government representatives and
senior analysts.