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SINGAPORE : Panasonic Electronic Devices, part of Panasonic Corporation, has announced an expansion of its R&D facility in Singapore.
The company plans to invest about S$20 million to expand the centre to around 50 research scientists and engineers in five years.
Located at Bedok, the facility seeks to develop system devices for environment, energy and medical electronics.
This will add to its current focus on electronic components for consumer products.
The R&D centre will also aim to expand and strengthen collaborative research with R&D institutions in Singapore.
Panasonic Electronic Devices said it expects to double its investment in R&D human capital in the mid-term.
"With this assignment we can expect to double our investment in R&D human capital in the mid-term. We also want to step up efforts to team up with reputable research institutions on various collaborations," said Hidekazu Sugimoto, managing director, Panasonic Electronic Device Singapore.
Speaking at the opening ceremony, Trade and Industry Minister Lim Hng Kiang said new growth areas are emerging for Singapore in energy efficient technologies, bioelectronic devices, security technologies and plastic electronics.
These smart products currently account for about ten per cent of Singapore's electronic output.
Mr Lim said it is hoped that the figure could be pushed up to 30 per cent by 2020.
- CNA/il
The company plans to invest about S$20 million to expand the centre to around 50 research scientists and engineers in five years.
Located at Bedok, the facility seeks to develop system devices for environment, energy and medical electronics.
This will add to its current focus on electronic components for consumer products.
The R&D centre will also aim to expand and strengthen collaborative research with R&D institutions in Singapore.
Panasonic Electronic Devices said it expects to double its investment in R&D human capital in the mid-term.
"With this assignment we can expect to double our investment in R&D human capital in the mid-term. We also want to step up efforts to team up with reputable research institutions on various collaborations," said Hidekazu Sugimoto, managing director, Panasonic Electronic Device Singapore.
Speaking at the opening ceremony, Trade and Industry Minister Lim Hng Kiang said new growth areas are emerging for Singapore in energy efficient technologies, bioelectronic devices, security technologies and plastic electronics.
These smart products currently account for about ten per cent of Singapore's electronic output.
Mr Lim said it is hoped that the figure could be pushed up to 30 per cent by 2020.
- CNA/il
