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Infineon to drive Asia’s innovation ecosystems with VinFast and LG Sciencepark

Updated: Oct 25, 2022

✦ The market leader in power and IoT systems is helping startups drive towards a sustainable future.


Infineon Technologies announced at OktoberTech Asia Pacific collaborations with Vietnam smart electric car maker VinFast and LG Group’s research and development hub LG Sciencepark to drive Asia’s innovation ecosystem.


“As a market leader in power and IoT systems, Infineon aims to innovate with our key partners to continue making life easier, safer and greener,” said CS Chua, President and Managing Director, Infineon Technologies Asia Pacific

“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.”


CS was speaking at OktoberTech Asia Pacific 2022, Infineon’s annual event which brings together startups, business leaders and experts.


Infineon partnerships


At the core of Infineon's 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.


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 located in South Korea), mentorship, technical support, and assistance in expanding their existing markets.


Infineon OktoberTech Asia Pacific 2022 as featured in Brilliant-Online
Witnessing the collaboration between Infineon and Vietnam smart electric car maker VinFast (from left): Mr. Stuart Ian Taylor, Director of Smart Service Institute, VinFast; Dr. Rutger Wijburg, Chief Operations Officer, Infineon; Dr. Amy Khor, Senior Minister of State of Sustainability and the Environment, and Ministry of Transport; Mr. Chua Chee Seong, President and Managing Director, Asia Pacific, Infineon; and Mr. Francis Foo, Head of Power and Sensors Systems, Asia Pacific, Infineon.

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 located in South Korea), mentorship, technical support, and assistance in expanding their existing markets.


Infineon Co-Innovation Space


In Singapore, a startup from South Korea, Deep-In-Sight, and five local startups, Datakrew, Extend My Runway, Flow Tech, Tack One and WeavAir, have been confirmed at Infineon’s Co-Innovation Space. More than just a workspace, this is a year-long commitment backed by technologies, expertise, and guidance from Infineon in Singapore and around the world to help startups fast-track their product development for commercialisation.


OktoberTech Asia Pacific 2022


OktoberTech is Infineon’s global event format, aimed at demonstrating how future technology can drive decarbonisation and digitalisation. Hosted in areas with vibrant innovation ecosystems, OktoberTech brings together startups, business leaders and experts. At OktoberTech Asia Pacific 2022 held on 13 October, the theme was "Driving Decarbonisation & Digitalisation. Together"


Speaking at the event, Guest-of-Honour Dr. Amy Khor, Senior Minister of State for Sustainability and the Environment, Singapore spoke about the need for the semiconductor industry to help tackle climate change.


“Companies play a critical role in finding ways to minimise the irreversible damage and adapt effectively to the impact that climate change brings. The semiconductor industry’s role in this endeavour is challenging yet pivotal,” said Dr. Khor, who added that one of the steps towards decarbonisation is innovation.


“Product innovation in chips is key to greener operations for other industries. As chips become smaller, lighter, and faster, they require less materials to produce and less energy to operate.” - Dr. Amy Khor, Senior Minister of State for Sustainability and the Environment, Singapore

For instance, electric devices enabled by Infineon’s power management integrated circuits (“ICs”) chips contributed to about 72 million tonnes of carbon emission savings by reducing energy consumption and improving the performance of those devices.


Another way to accelerate the decarbonisation journey is through collaboration to develop new solutions, as made possible through Infineon’s collaboration with VinFast and LG Sciencepark.


“I am heartened that Infineon is partnering closely with start-ups through Infineon’s Co-Innovation Space and the upcoming collaboration with LG Sciencepark to facilitate the exchange of Korean startups to Singapore and vice versa. We look forward to more startups developing new ideas in sustainability, smart-homes, and smart-mobility,” she said.


About Infineon Technologies


Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon are the key to a better future. With around 50,280 employees worldwide, Infineon generated revenue of about €11.1 billion in the 2021 fiscal year (ending 30 September) and is one of the ten largest semiconductor companies worldwide. Further information is available at www.infineon.com.


Contact

Infineon Technologies Asia Pacific

 

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