28th - 30th May - SEMICON SEA 2024

Linchpin of Modern Technology

Speaking at Semicon Southeast Asia 2024 in Kuala Lumpur, Mr. Ajit Manocha, CEO and President of SEMI, highlighted the rapid growth of the global semiconductor industry. He noted that the industry is riding a triple wave of technological disruptions, propelling it toward a US$1 trillion market size milestone by 2030.

Mr. Manocha outlined the three transformative waves driving this growth: the Internet of Things (IoT), Artificial Intelligence (AI), and Quantum Computing. To accommodate this explosive growth, SEMI's latest World Fab Forecast reveals that 103 new 300mm and 200mm semiconductor fabs are expected to come online worldwide between 2023 and 2027. However, achieving this exponential growth amid unprecedented challenges will require unprecedented industry collaboration.

Malaysian Prime Minister Anwar Ibrahim announced the National Semiconductor Strategy (NSS), with the government allocating MYR 25 billion (US$5.3 billion) to foster industry development. According to reports from Bernama and The Edge Malaysia, the NSS will be implemented in three phases: expanding on the established foundation, building an advanced chip supply chain, and attracting top international customers.

For details, please refer to: https://www.digitimes.com/news/a20240530PD202/malaysia-ic-manufacturing-roadmap-semiconductor-industry.html

Additionally, SPETA, along with more than 30 Singapore-based companies, participated in SEMICON SEA 2024 from May 28th to 30th. The event showcased the significant progress of the semiconductor industry and its potential for continued growth. During the three-day event, SPETA engaged with other national delegations, such as the Netherlands Pavilion, facilitating valuable business exchanges between companies.

Together with our neighbors and partners, Singapore companies have much to contribute to the semiconductor industry's continued growth. SPETA remains committed to connecting our members and companies to the broader manufacturing network, riding the wave to greater heights.