EMERSON Electric Company and Infineon Technologies AG have been conferred the Distinguished Partner in Progress (DPIP) Award. Both companies are global leaders in their respective industries, and the award is in recognition of their outstanding contributions to Singapore's economic growth, and their support for the country's social and community interests.
Emerson is a Fortune 500 company that provides a wide range of infrastructure and industrial solutions, including controls and automation, manufacturing solutions, power management and climate technologies. Emerson was first established in Singapore in 1965 and now employs over 2,000 employees in its regional headquarters, manufacturing, research and development (R&D), as well as supply chain management activities here.
Infineon is one of the world's largest semiconductor companies, offering semiconductor and systems solutions for a wide range of end markets, such as automotive, industrial, power management and security. Infineon employs approximately 2,200 employees in Singapore, undertaking headquarter, manufacturing and R&D activities.
Tharman Shanmugaratnam, Deputy Prime Minister and Minister for Finance, who conferred the award to the two companies on Friday, said: "Emerson and Infineon have contributed significantly to Singapore's move towards a high-skill, innovation-driven economy. They have been leaders in developing and implementing emerging technologies in Singapore, and have created thousands of quality jobs for Singaporeans, such as in data science and engineering, R&D and management."
The DPIP Award is a highly exclusive corporate award administered by the Singapore Economic Development Board. Since its inauguration in 1991, 31 companies have been conferred this award by the Singapore government.