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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 Andersson sees this move by Fraunhofer-Gesellschaft to be a boost to Singapore's innovation ecos...

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