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SSIA Summit 2016 - Guest-of-Honour Greeting Message

Dr Koh Poh Koon, Minister of State in the Ministry for Trade and Industry began as the Guest of Honour for his opening speech with pointing out to the strong relevance of the Summit's theme to Singapore's strategic goals and opportunities: "The theme of this year's Summit – Powering the Innovation Economy— is a timely one, given the increasing importance of innovation as a competitive advantage in the global landscape, as well as Singapore's shift towards an innovation-driven economy." Dr Koh referred with his statement to what he called "a new phase of growth" for Singapore that will be increasingly driven by technology and innovation.

The new elements of Singapore's new strategic outlook are currently developed under the Committee for Future Economy. A significant focus on Technological Developments and the Digital Economy as key pillars for Singapore's future growth will work together with the existing Smart Nation initiative as well as the Skills Future program.

Under a new scheme Industry Transformation Maps, which had been announced already during the Budget 2016 speech, the government will work very closely with partners and stakeholders like Trade Associations to achieve the ambitious future goals. In this context, Dr Koh complemented SSIA as a valuable partner with its active efforts to forge collaborations in investments and talent outreach for the Semiconductor industry.

As an example of SSIA's initiatives in the Skills area, Dr Koh welcomed in his speech on SSIA in taking ownership for the new Professional Conversion Programme (PCP) for Wafer Fabrication Industry, and for the Assembly & Test (A&T) Industry. The PCP programs offers experienced workers from other industries in new career opportunities with structured on-the-job training schemes in semiconductor manufacturing.

Dr Koh also shared with the audience that he was pleased to be part of the launch of the SSIA IoT Consortium, stating that "it complements the government's efforts to promote innovation and partnerships, and is also aligned with our efforts in Smart Nation".

Dr Koh thanked the SSIA for its continued contribution to the development of Singapore's semiconductor industry, and wished everyone an enjoyable event. With his strong outlook and encouragement for semiconductor innovation, being a strong pillar for Singapore's future growth plans, he set the perfect stage for a lively and impactful SSIA Summit 2016 event.

 

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Article contributed by:

ULF SCHNEIDER

President of SSIA