German R&D giant to set up research facilities in Singapore

R&D giant Fraunhofer-Gesellschaft, the German company that developed the MP3 technology, will set up a $10 million research institute at the Nanyang Technological University (NTU) in Singapore as its pioneer entry to Asia.
The team comprising local and international hires will be involved in cutting-edge research in computer graphics and virtual reality.
NTU provost Bertil [...]