Obsessed with technology?
Subscribe to the latest tech news as well as exciting promotions from us and our partners!
By subscribing, you indicate that you have read & understood the SPH's Privacy Policy and PDPA Statement.
News
News Categories

Singapore to be Infineon’s global AI hub by 2023

By Ken Wong - on 1 Dec 2020, 7:29pm

Singapore to be Infineon’s global AI hub by 2023

: Infineon Asia Pacific President and Managing Director Chua Chee Seong presented a token of appreciation to Deputy Prime Minister Heng Swee Keat. Image courtesy of Infineon.

As Infineon Technologies marks its 50th year in Singapore on December 1, it celebrated by announcing plans for Singapore to be a global artificial intelligence (AI) innovation hub by 2023.

To achieve this, some 1,000 employees will be upskilled to deal with the expected 25 unique AI projects covering Infineon’s core business activities in Singapore.

Beyond engaging employees, the company will also work with partners in the semiconductor, electronics, and innovation ecosystems in Singapore through collaborations with SGInnovate and local start-ups. These organisations can work on actual problem statements by leveraging Infineon datasets to build their solutions.

Infineon is also looking to work with institutes of higher learning (IHLs) and research institutions such as with NUS-ISS and AI Singapore (AISG) to offer AI courses and certifications.

To achieve this, the company has budgeted more than S$27 million to prepare for a future driven by AI. The investment will cover infrastructure, AI projects, employee reskilling, and collaborations with ecosystem partners.

Dr. Reinhard Ploss, Chief Executive Officer of Infineon, attended the event virtually said:

On its journey to become a Smart Nation, a key step is Singapore’s national strategy to develop impactful AI solutions. This fits well together with Infineon Singapore’s vision to make it an AI innovation hub and a key player for our AI strategy.

 

An AI driven future

Deputy Prime Minister Heng Swee Keat (on stage) with Infineon CEO Dr. Reinhard Ploss (via video from Munich) jointly signed a digital plaque to mark the launch of ARISE, the AI initiative for Singapore to be the global AI innovation hub for Infineon. Image courtesy of Infineon.

Many other companies, startups, and IHLs are also banking on an AI-enabled future. In 2018, Singapore released a framework on AI being ethically and responsibly used, which businesses in the Republic and elsewhere can adopt as they grapple with issues that have emerged with new technology.

At the time it was said that the framework for AI governance was a “living document” intended to evolve along with the fast-paced changes in a digital economy. It would take in feedback from the industry and be tweaked when it received more views.