ST Engineering eyes S$11b topline in 2026 with cutting edge technologies
It plans to bump up spending on technologies to more than 75% of its R&D budget in the next 5 years, from 50-60% now.
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SINGAPORE Technologies Engineering is ramping up its spending on cutting edge digital technologies in a bid to achieve a top line of more than S$11 billion in 2026.
The defence and engineering group intends to bump up its spending on technologies to more than 75 per cent of its research and development (R&D) budget in the next 5 years, from 50-60 per cent now, said Lee Shiang Long, group chief technology and digital officer.
Eight focus areas have been identified including cybersecurity, smart traffic management and neuromorphic computing. The technologies developed will be adopted for its commercial and defence businesses in the aerospace, smart city, and public security domains to generate enhanced solutions and new capabilities to meet fast-evolving market needs and customer demands.
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