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

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.

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