5 billion in Singapore in the next four years and expand its R&D team by more than 250 engineers and scientists, the home appliance giant said on Friday as it officially moved into its new global headquarters at the historic St James Power Station facility in the HarbourFront area.
"The ethos of our society must remain open - welcoming new ideas and talent, always learning from others, and never becoming resistant to change or complacent about the need to stay ahead," he said. The Republic will also keep at its formula of close collaboration between industry, researchers and government to spur innovation, while it welcomes and develops talent in Science, Technology, Engineering and Mathematics or Stem fields.
The Singaporean investment includes plans to hire more than 250 engineers and scientists in fields spanning robotics, machine learning, AI, sensing and vision systems and more.The $1.5 billion will also support ongoing university research programmes to drive technology development. It is the lead manufacturing site for Dyson Hyperdymium motors, which lie at the heart of most Dyson devices.
The company, founded by British inventor and billionaire entrepreneur Sir James Dyson, has been producing digital motors in Singapore since 2004, and opened its first office with 10 employees here at Science Park in 2007.