Infineon Technologies, a global leader in semiconductor solutions, has inaugurated its expanded Co-Innovation Space in Singapore at OktoberTech Asia Pacific. The move aims to accommodate more startups from Singapore and across the Asia Pacific region, further propelling innovation within the technology sector.
Infineon Technologies also unveiled a strategic collaboration with the Korea SMEs and Startups Agency (KOSME), demonstrating their joint commitment to advancing Asia’s innovation ecosystem. This collaboration focuses on pioneering solutions for decarbonization and digitalization.
KOSME will facilitate the introduction of innovative Korean startups to Infineon, allowing for evaluation and assessment of their engineering needs. Selected startups will gain the opportunity to participate in Infineon’s global startup co-innovation program in Korea or secure a residency at the Co-Innovation Space in Singapore, enabling them to develop and test their solutions in Singapore and Southeast Asia.
CS Chua, President and Managing Director of Infineon Technologies Asia Pacific, emphasized the importance of innovative solutions for a sustainable future. “We are facing a future dependent on game-changing solutions for green and efficient energy, smart and secure IoT, and clean and safe mobility,” Chua stated.
Initiated in 2018, the Infineon Co-Innovation Space forms an integral part of Infineon’s global startup co-innovation program, offering crucial support to startups in product development. The Singapore-based Co-Innovation Space is unique, providing startups with a dedicated workspace and a comprehensive 12-month program, during which they receive semiconductor technology support, guidance, and mentorship. Participants in this program can leverage Infineon’s extensive ecosystem, which includes customers and business partners across countries where Infineon has a presence.
Over the last decade, Infineon has invested S$700 million in Singapore, designating the nation as its Asia Pacific base. Singapore serves as a critical site for smart factory solutions development and a global test hub for automotive microcontroller units. Furthermore, it stands as a key node for Infineon’s global distribution and a major microelectronics R&D center in Asia.
This expansion and collaboration underscore Infineon Technologies’ steadfast commitment to nurturing innovation and fostering sustainable technological advancements across the Asia Pacific region and beyond.