SSIA will continue rolling out ongoing and new initiatives to meet the industry needs as the economy and social restrictions change

SINGAPORE - MediaOutReach - 27 November2020 - TheAnnual General Meeting (AGM) of SingaporeSemiconductor Industry Association (SSIA) was held yesterday (26 November). Itis the first time the Association held the AGM online due to the COVID-19situation.

One of the AGM agenda was the electionof Board Members for the next term, 2020 -- 2022. Andrew Chong, IndependentBoard Director and Business Advisor, was re-elected as Chairman of SSIA Board,while Brian Tan, Vice President and Regional President of Southeast Asia atApplied Materials, was the new Vice Chairman of the Board. All the Boardmembers were re-elected to another term in office.

SSIA Chairman Andrew Chong said, "2020 hasbeen a rollercoaster year for the semiconductor industry in Singapore. Oureconomy was hard-hit by the COVID-19 pandemic. The industry has been fortunateto see less of an impact than many other sectors. Nevertheless, the industryhas still been impacted by the supply chain disruptions, trade tensions, andworkforce shortage due to travel restrictions."

To stay relevant to the needs ofcompanies, SSIA launched different initiatives in 2020, which included workingwith global trade associations to seek governments' support in recognizing thesemiconductor industry as essential operations should the pandemic situationworsen, hosting the Minister Dialogue session to discuss concerns from theindustry, as well as hosting the SSIA Supply Chain Conference inviting localand global speakers to share their supply chain management insights andpossible collaborations.

At the AGM, the Board also discussed thebusiness outlook of the semiconductor industry in 2021. Andrew said, "The COVIDexperience has accelerated the semiconductor industry's growth with therecognition of the industry's essential contribution to enabling the changes tothe economy, the way we work, and how we live. The outlook for next year willbe an interaction between continuing strong demand for semiconductors versusthe supply chain's ability to manage this demand."

In 2021, SSIA will continue rolling outongoing and new initiatives to meet the industry needs as the economy andsocial restrictions change. They include:

• Helping companies, especially SMEs, toimplement digital solutions in their business processes. A committee to define SingaporeSemiconductor's Intelligent Manufacturing Framework has been set up to help localcompanies understand digitalization needs.
• TheLocal Ecosystem Committee will help strengthen the local semiconductorecosystem through closer collaboration between semiconductor manufacturers andtheir suppliers.

Photos of the SSIA AGM 2020:

MoreSSIA initiatives can be found here: https://ssia.org.sg/upcoming-ssia-events/

About Singapore Semiconductor Industry Association

Singapore Semiconductor IndustryAssociation (SSIA) has more than 180 members today including companies andorganisations throughout all parts of the complex and comprehensive value chain- IC design companies, Manufacturers, Fabless companies, Equipment suppliers,Photovoltaic companies, EDA and material suppliers, Training and service providers,IP companies, research institutes and Academia, as well as individual members.Since 2013, SME membership has grown exponentially and SMEs now account forclose to half of SSIA's membership. For more information about SSIA, pleasevisit: https://ssia.org.sg/