Chairman and CEO of MediaTek Ming-Kai Tsai at the company's 10th anniversary event, which was held at Fusionopolis Singapore on 1 July 2014. (Photo credit: MediaTek)
Taiwan-based fabless semiconductor company MediaTek will be investing S$250 million (US$200 million) in the next six years to expand its research and development (R&D) operations in Singapore.
Part of the fund has been used to establish the newly launched innovation centre at one-north, announced chairman and CEO of MediaTek Ming-Kai Tsai at the company's 10th anniversary event at Fusionopolis yesterday (1 July 2014). The innovation centre is said to be used to develop products that will power Internet of Things (IoT) devices for consumer, medical and industrial use.
He added that the money will also be used to develop advanced integrated circuit (IC) design capability in high speed Central Processing Unit and Graphics Processing Unit. As this technology is essential for consumer products such as smartphones and tablets, MediaTek hopes to enable the development of affordable consumer solutions by investing in this area.
Since its inception in 2004, MediaTek has invested over S$180 million (US$144 million) in its Singapore R&D facility. The company aims to create more than 100 R&D jobs with the new financial commitment.
"This investment from MediaTek along with other investments announced this year demonstrates that Singapore's semiconductor industry remains globally competitive," said Leo Yip, chairman of the Singapore Economic Development Board, at the event yesterday. "The electronics industry attracted more than S$16 billion (US$12.8 billion) in fixed asset investments over the last three years. When these investments are fully realised, they are expected to create 7,700 skilled jobs [in the areas of mobility, IoT and cloud computing]."
Sign up for MIS Asia eNewsletters.