UK electronics company Dyson will build a new advanced manufacturing hub in Singapore for a £ 2.75 billion (S $ 4.93 billion) investment.
The investment will span the United Kingdom (UK) and the Philippines, doubling Dyson's product portfolio and venture into new areas by 2025.
According to the tech giant, one of its priorities is to commercialize its solid-state battery technology, which is being developed in Singapore, the UK, the US and Japan.
The technology should offer a cleaner and more efficient energy storage device than current batteries.
Will accelerate the setting in S’pore
While Dyson hasn't mentioned how many new hires it will be taking on for its new manufacturing center, the company plans to hire additional engineers in machine learning, software, and robotics.
The company currently employs around 1,200 people in Singapore.
Despite the announcement that 900 jobs would be cut in July due to Covid-19, 27 jobs were still hired here. Over a hundred engineers were hired here this year.
In July last year, Dyson's CEO said the company anticipates its workforce "will grow significantly over the next few years," despite not disclosing exact numbers.
Additionally, the company plans to double its workforce at the Science Park, which is reported to create an additional 190 jobs over the next five years.
According to the Dyson job portal, there are currently around 65 vacancies in Singapore.
The company's new global headquarters at St. James Power Station in Singapore is slated to open in 2021.
In the meantime, there are also plans to set up a university research program in Singapore to advance product development.
There are currently 22 such programs, including those with universities such as Oxford University and Cambridge University.
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