Asean semiconductor market can exceed US$52bil by 2032 by focusing on value

KUALA LUMPUR: ASEAN’s semiconductor market has the potential to exceed US$52 billion (US$1=RM4.49) by 2032 by moving up the value chain, according to Finance Minister II Datuk Seri Amir Hamzah Azizan.

He said that to grow the region’s semiconductor market, which stood at over US$31 billion in 2023, ASEAN must look beyond volume and towards value.

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ASEAN , Semiconductor , US tariffs , Startups , Amir Hamzah Azizan , RCEP , CPTPP

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