Singapore Semiconductor Industry Association (SSIA) organized a dialogue session with Dr Koh Poh Koon, Senior Minister of State for Trade and Industry, on 4 June 2020. Over 100 senior leaders participated in the dialogue session discussing the pressing issues facing the semiconductor industry in Singapore, such as supply chain disruption, freight challenges travel restrictions.
COVID-19 has disrupted many industries, and the semiconductor industry is not spared. While we face the challenges caused by this pandemic, it is also necessary to understand the reality of what lies ahead. The industry will need to adapt to the new norm given the virus is not going away any time soon. The dialogue session was a good platform to understand the feedback from the industry leaders and the views of our government on these matters.
SSIA Chairman Andrew Chong said in his opening speech, “There is of course great uncertainty in the economic outlook, but I am happy to note that some of our member companies do see opportunities as well, even at times like this. Some feedback from our members shows that the global semiconductor business has remained stable in the first half of the year, indeed in some areas like the communications market demand has increased. Besides managing the risks, I hope each of you is also thinking about the opportunities that can arise as we recover from the health crisis, and the support you need to succeed.”
As mentioned by SMS Koh in the Dialogue Session, the Industry Transformation Map (ITM) is crucial in helping businesses transform better and faster, especially during this unprecedented COVID-19 situation. SSIA is committed to driving innovation, productivity and talent under the Electronics ITM – in a new way through online platforms.
He also mentioned on his Facebook page, “The semiconductor industry is important to Singapore and provides good jobs for our workers. We remain committed to partnering our companies to improve the economic competitiveness of the industry as well as the broader manufacturing sector. Likewise, workers must also do their part to upskill and support their employers in this journey. With our collective efforts, I have no doubt that we are in a good position to weather the challenges and emerge stronger.”
SSIA would like to thank SMS Koh for his valuable sharing. SSIA will continue to reach out to the companies and bridge the necessary support from various government agencies and Institutes of Higher Learning (IHLs) to help them ride through these challenging times.