Infineon Technologies is teaming up with Vietnam smart electric car maker VinFast and LG Group’s research and development hub LG Sciencepark to drive Asia’s innovation ecosystem.
Announced at OktoberTech Asia Pacific today, these collaborations build on Infineon’s culture of fanning innovation and nurturing startups. The hybrid event drew a audience of around 1,000 participants from around the world.
“Today marks the expansion of Infineon’s innovation ecosystem beyond Singapore and Malaysia. With our new innovation partners based in South Korea and Vietnam, Infineon is shaping a sustainable future by driving solutions for decarbonisation and digitalisation in Asia,” said Chee Seong Chua (top centre with Guest-of-Honour Dr Amy Khor, Singapore’s Senior Minister of State for Sustainability and the Environment, and Transport), President and Managing Director, Infineon Technologies Asia Pacific.
At the core of these partnerships are semiconductors that enable efficient energy management, smart mobility, and secure and seamless communications in a connected world.
The communities of creators, manufacturers and startups will leverage Infineon’s hardware solutions including sensors, microcontrollers, actuators, and secured connectivity to create new solutions or to power emerging technologies that address today’s biggest challenges.
Powering EVs and Startups
VinFast and Infineon will establish a joint application centre in Hanoi in the first quarter of 2023. The VinFast Infineon Competence Center will accelerate the co-development of future solutions for smart mobility such as the next-generation electric drive train for electric vehicle platforms.
LG Sciencepark and Infineon will identify and support promising startups who are looking to commercialize or scale their solutions in South Korea and Southeast Asia.
Both parties will support startups with access to business partners, office space (in the Infineon Co-Innovation Space in Singapore or the Superstart Lab in LG Sciencepark in South Korea), mentorship, technical support, and assistance in expanding their existing markets.
For starters, South Korea startup Deep-In-Sight will join five Singapore startups — Datakrew, Extend My Runway, Flow Tech, Tack One, and WeavAir — at Infineon’s Co-Innovation Space (COIN).
This year-long commitment is more than just a workspace. Participating startups are backed by technologies, expertise, and guidance from Infineon in Singapore and around the world to help startups fast-track their product development for commercialisation.
Since its launch in 2018, the programme has hosted 13 startups, one of which has commercialised its products and established a manufacturing plant and opened offices in China and the US.