Market Insights Q3 2024 V2 - Flipbook - Page 9
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General Market Insight
Semiconductor Industry Market News
Asia-Pacific’s Semiconductor Powerhouses: Navigating Growth and Competition in Q3 2024
➢ Taiwan remains at the forefront, largely due to TSMC's dominance in advanced semiconductor manufacturing.
Taiwan continues to consolidate its role in producing cutting-edge chips, with a focus on high-performance
technologies like 2-3 nm processes. The government has been fostering a supportive environment with subsidies and
infrastructure, ensuring Taiwan's leadership in the global chip race despite geopolitical pressures
➢ In South Korea, semiconductor manufacturing is driven by giants like Samsung and SK Hynix. South Korea has been
implementing its "K-Semiconductor Strategy," a massive $450 billion plan to bolster its semiconductor supply chain
by 2030. This initiative aims to reduce dependency on imports and solidify its leadership in memory chip production
➢ Japan is making a comeback in the semiconductor space with significant government backing. A notable move
includes a $3.9 billion subsidy for Rapidus, a company expected to produce 2 nm chips by 2027. Japan's partnerships
with TSMC and other global players are further strengthening its manufacturing capabilities
➢ Malaysia is positioning itself as a major semiconductor hub, focusing on expanding its capabilities beyond traditional
assembly and testing. The Malaysian government launched a National Semiconductor Strategy aimed at attracting
$107 billion in investments. This plan includes building local expertise in chip design and advanced packaging, key
areas for future growth
➢ Vietnam and Indonesia are also increasing their presence in the global semiconductor supply chain by offering
incentives and fostering investment in chip manufacturing
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