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<TABLE border=0 cellSpacing=0 cellPadding=0 width=452><TBODY><TR><TD vAlign=top width=452 colSpan=2>Published September 5, 2009
</TD></TR><TR><TD vAlign=top width=452 colSpan=2>Semicon market is recovering
But Singapore's incomplete electronics ecosystem, insufficient engineering talent and high costs are challenges, a Midas industry survey discovers
By ONG BOON KIAT
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</TD><TD>Feedback</TD></TR></TBODY></TABLE>SINGAPORE'S semiconductor market has started to recover, according to a survey by local semicon industry association Microelectronics IC Design and System Association, or Midas.
In a recent poll of member firms, 70 per cent of respondents said that they see a recovery starting to happen, with the rest expecting a recovery later this year.
'Cautiously hopeful' depicts the mood among Midas members about the industry outlook this year, Midas president Ulf Schneider said in a statement. 'Our members have pointed to the Singapore government's impact on the industry to accelerate the recovery.'
The survey did not ask participants to identify specific government initiatives that had contributed to recovery.
The Aug 5 survey was carried out ahead of the Midas Semicon Summit on Sept 24, an annual event that brings together semicon companies, start-ups, investors, analysts and industry leaders to discuss key trends and challenges for Singapore's semicon industry.
The poll was sent to all 45 Midas members, 30 of whom responded.
Although their mood is optimistic, Midas members pointed to Singapore's incomplete electronics ecosystem, insufficient engineering talent and high costs as hindering recovery.
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</TD></TR></TBODY></TABLE>Midas vice-president Mike Holt told BT yesterday: 'Taiwan is an example of a place that most consider has a complete ecosystem, meaning each step of the value chain is well represented.'
This includes design houses, semicon fabs, semicon test and assembly facilities, computer and consumer electronics original design manufacturer (ODM) firms and end-computer consumer electronics and computer brands.
In contrast, 'while Singapore has foundry, test and assembly, and some design companies, it has little local demand for semiconductor products via local computer ODMs, compared with places like Taiwan', Mr Holt said.
Nevertheless, Midas members are expecting the industry to experience growth that will pick up from October this year to March next year, he said.
Worldwide semicon revenue is expected to reach US$212 billion in 2009, down from US$255 billion in 2008, market research firm Gartner said recently. Revenue is expected to climb to US$233 billion in 2010.
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<TABLE border=0 cellSpacing=0 cellPadding=0 width=452><TBODY><TR><TD vAlign=top width=452 colSpan=2>Published September 5, 2009
</TD></TR><TR><TD vAlign=top width=452 colSpan=2>Semicon market is recovering
But Singapore's incomplete electronics ecosystem, insufficient engineering talent and high costs are challenges, a Midas industry survey discovers
By ONG BOON KIAT
<TABLE class=storyLinks border=0 cellSpacing=4 cellPadding=1 width=136 align=right><TBODY><TR class=font10><TD width=20 align=right>
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</TD><TD>Feedback</TD></TR></TBODY></TABLE>SINGAPORE'S semiconductor market has started to recover, according to a survey by local semicon industry association Microelectronics IC Design and System Association, or Midas.In a recent poll of member firms, 70 per cent of respondents said that they see a recovery starting to happen, with the rest expecting a recovery later this year.
'Cautiously hopeful' depicts the mood among Midas members about the industry outlook this year, Midas president Ulf Schneider said in a statement. 'Our members have pointed to the Singapore government's impact on the industry to accelerate the recovery.'
The survey did not ask participants to identify specific government initiatives that had contributed to recovery.
The Aug 5 survey was carried out ahead of the Midas Semicon Summit on Sept 24, an annual event that brings together semicon companies, start-ups, investors, analysts and industry leaders to discuss key trends and challenges for Singapore's semicon industry.
The poll was sent to all 45 Midas members, 30 of whom responded.
Although their mood is optimistic, Midas members pointed to Singapore's incomplete electronics ecosystem, insufficient engineering talent and high costs as hindering recovery.
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This includes design houses, semicon fabs, semicon test and assembly facilities, computer and consumer electronics original design manufacturer (ODM) firms and end-computer consumer electronics and computer brands.
In contrast, 'while Singapore has foundry, test and assembly, and some design companies, it has little local demand for semiconductor products via local computer ODMs, compared with places like Taiwan', Mr Holt said.
Nevertheless, Midas members are expecting the industry to experience growth that will pick up from October this year to March next year, he said.
Worldwide semicon revenue is expected to reach US$212 billion in 2009, down from US$255 billion in 2008, market research firm Gartner said recently. Revenue is expected to climb to US$233 billion in 2010.
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