Friday February 10, 2006

Panasonic to setup S$150 million semiconductor plant in Singapore

channelnewsasia.com :

Panasonic is pumping S$150 million in new funds to build and outfit a new factory in Singapore. This will effectively increase its semiconductor assembly and test capacity here by 25%. By the end of the year, a new factory will sit next to Panasonic's existing Semiconductor Asia plant in Ang Mo Kio. The new plant will make arrays for use in digital televisions, digital still cameras and mobile devices. At full capacity, the new facility is expected to double its existing annual sales turnover in Singapore to S$2.2 billion.

Senior company managers at the plant's groundbreaking say most of the $150 million invested will go into high performance assembly technology and equipment. They say Singapore's skilled labour force is why they are focusing on making high-tech products here. Panasonic expects to hire about 500 new staff over the next five years. About one in five will be engineering or research and development staff.

Company leaders say they expect robust demand for more advanced products and they see the new plant reaching full capacity by 2009. And they have plans to build a third plant. The semiconductor industry accounted for nearly 40% of the total electronics output in Singapore in 2004.

See also :

1. Toshiba quits Singapore without fanfare
2. Maxtor to sell Singapore plant
3. National Semiconductor to sell Singapore assembly and test plant

(2006-02-10 18:36:22 SGT) [Biz] Permalink

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