Infineon pumps $20m into establishing Singapore as AI hub

German chip giant hopes to launch 25 projects from the city-state by 2023

20201201 Infineon Singapore HQ Aerial Shot

Germany's Infineon Technologies will invest SG$27 million over three years to establish its Singapore site as a global AI hub. (Photo courtesy of company)

DYLAN LOH, Nikkei staff writer

SINGAPORE -- German chipmaking giant Infineon Technologies on Tuesday announced Singapore as its base for developing artificial intelligence applications for its global operations.

The company, among the 10 largest semiconductor manufacturers in the world, will initially invest 27 million Singapore dollars ($20.2 million) to establish the AI hub over three years, said Chua Chee Seong, president and managing director of the company's Asia-Pacific operations.

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