- POSTED: 01 Jul 2014 16:05
- UPDATED: 01 Jul 2014 22:57
The chipmaker will use the investment to further expand its R&D capabilities, particularly in the area of advanced integrated circuit design for smartphones, tablets and smart TVs.
SINGAPORE: Taiwan semiconductor firm MediaTek on Tuesday (July 1) unveiled plans to invest another S$250 million in Singapore by 2020 in a sign of continued confidence in the city-state's electronics industry.
Economic Development Board (EDB) Chairman Leo Yip said MediaTek's expansion - along with investments announced by firms such as Realtek and International Rectifier earlier this year - showed that Singapore's semiconductor industry remained globally competitive.
He also said Singapore's electronics industry will continue to grow despite some signs of weakness this year.
"The electronics industry attracted more than S$16 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," Mr Yip said.
"Companies continue to express interest in investing in Singapore to capture growth from exciting new areas...propelled by mega-trends of mobility, Internet of Things, and the shift to cloud," he added.
To date, MediaTek has invested over S$180 million in its Singapore research and development facility. With the new investment, MediaTek will further expand its R&D capabilities, particularly in the area of advanced integrated circuit design for smartphones, tablets and smart TVs.