Research Report on Southeast Asia Semiconductor Manufacturing Industry 2023-2032
The development of the semiconductor manufacturing industry in Southeast Asian countries also varies greatly. According to CRI's analysis, Singapore is an important semiconductor manufacturing base, and Micron, Infineon, Ge-Core, and UMC Electronics have set up several R&D or production plants in Singapore. In the remaining Southeast Asian countries, Malaysia, Thailand, Vietnam, the Philippines and Indonesia and other countries have a certain talent base, cheap and abundant labor resources, have become a hotbed of global chip manufacturers to invest in building factories. While Myanmar, Cambodia, Laos and Brunei and other countries semiconductor manufacturing industry almost no development.
Southeast Asia in this report includes 10 countries: Singapore, Thailand, Philippines, Malaysia, Indonesia, Vietnam, Myanmar, Brunei, Laos and Cambodia. With a total population of over 600 million by the end of 2021, Southeast Asia has an overall economic growth rate higher than the global average and is one of the key drivers of future global economic growth.
According to CRI's analysis, the economic levels of the 10 Southeast Asian countries vary greatly, with Singapore being the only developed country with a per capita GDP of about US$73,000 in 2021. While Myanmar and Cambodia will have a GDP per capita of less than US$2,000 in 2021. The population and minimum wage levels also vary greatly from country to country, with Brunei, which has the smallest population, having a total population of less than 500,000 people in 2021, and Indonesia, which has the largest population, having a population of about 275 million people in 2021. The most economically advanced countries in Southeast Asia do not have a legal minimum wage, with the actual minimum wage exceeding US$400 per month (for foreign maids), while the lowest minimum wage level in Myanmar is only about US$93 per month.
Overall, in recent years, Southeast Asian governments actively improve the business environment, the introduction of various preferential policies and improve the quality of the workforce, to attract investment in semiconductor companies and promote the development of the country's semiconductor manufacturing industry.
According to CRI forecast, the size of the semiconductor manufacturing industry in Southeast Asia will maintain growth from 2022-2032. Due to the global shortage of semiconductor chips, chip manufacturers will increase their production capacity to meet the demand for chips, and with the well-established and diversified semiconductor ecosystem in Southeast Asian countries, semiconductor manufacturing will gradually shift to Southeast Asia.
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