Singapore
TRANSFORMATION is the latest buzzword for Singapore businesses, but Component Technology has been ahead of the game for several years now.
Now an original equipment manufacturer, the company had been distributing machinery to the local semiconductor industry for more than 10 years since its founding in 1989, when CEO and managing director Berne Chung sensed a need to change tack in 2003.
"In that year, we had a product (for) which we were the world's top performer in 2000, for selling it. Then it went through three cycles of selling, and the product became outdated," Mr Chung said.
"It makes you feel that no matter how well you do, something could happen to the supplier, then your future...