As multinational companies recognize the importance of diversifying supply chains, India and Vietnam are emerging as key beneficiaries. The electronics and machinery sectors in India are likely to see rising exports in the coming years, says Nomura.
OwlTing, originally a Taiwanese startup using blockchain technologies for farm product resumes and hotelier payment systems, has made remarkable strides in transformation and acquisition and will start providing more cost-effective and faster cross-border financial services to Information Communications Technology (ICT) supply chains transitioning to the Americas.
Semiconductor packaging and testing company Siliconware Precision Industry Ltd. (SPIL) announced recently that it will invest MLR 6 billion (US$1.276 billion) to build a packaging and testing facility at the Bandar Cassia Technology Park in Penang, Malaysia.
The Southeast Asian smartphone market is rebounding, with Canalys' data showing that in the first quarter of 2024, smartphone shipments in Southeast Asia reached 23.5 million units, a 12% year-on-year increase. Transsion's performance has been particularly notable, and the growth potential in the high-end market should not be overlooked as well.
Charles Shen, Chairperson of Zhen Ding, the major PCB company, stated that the first half of 2024, as in previous years, is the off-season for operations. However, compared to the lower point in the same period of 2023, there will still be annual growth. Shen emphasized that 2024 is a year of operational recovery for Zhen Ding, and the company will continue to implement its strategy of "aiming global, aiming high."
Groundhog Technologies, an AI software firm specializing in the telecommunications sector, predicts that the primary growth drivers for 2024-2025 will emerge from high-population regions like Southeast Asia, as 5G adoption accelerates in Europe, the US, and various Asian markets.
Malaysian Prime Minister Anwar Ibrahim announced the National Semiconductor Strategy (NSS), with the government allocating MYR25 billion (US$5.3 billion) to foster industry development.
Apple Inc. will open its first retail location in Malaysia next month as it expands its presence in Southeast Asia to augment both sales and operations outside of China.
Car OEMs and tier-1 suppliers have adjusted their inventories since 2023, which affects most automotive suppliers' operations and deliveries. The adjustment is expected to be completed recently, offering companies a promising second half of 2024.
The Vietnamese government is reportedly "encouraging" companies like Foxconn to conserve electricity, sparking concerns about a potential repeat of the 2023 power shortage crisis.
Amid the global shifts in the chip industry, Malaysia is promoting its neutrality, non-alignment, and established IC backend industry as key advantages to advance and build a more mature semiconductor ecosystem.
US chip giant Marvell Technology has opened a new office in Da Nang, central Vietnam, aiming to expand its operations and create a world-class IC design center.
