German chipmaker Infineon Technologies will spend 200 million euros ($271 million) expanding its research and development capacity in Singapore, an Associated Press report said.
The Associated Press report further quoted an Infineon statement as saying that the company will add about 150 new positions.
'Our strategic direction towards energy efficiency, connectivity and security demands customer-oriented research and development,' the company said.Infineon has over 2,700 employees in Singapore, of which more than 400 are research and development engineers.