English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 7 April 2016, 15:00 HKT/SGT

Source: SEMI
Semiconductor Market in Vietnam Up 14.3% by 2019
SEMICON Southeast Asia to Explore the Issues

PENANG, Malaysia, Apr 7, 2016 - (ACN Newswire) - With the semiconductor industry in Vietnam expected to grow at a compound annual growth rate (CAGR) of 14.3% over the period of 2014 to 2019, momentum is growing in this emerging market. The electronics supply chain will convene at SEMICON Southeast Asia (SEA) from 26-28 April at the Subterranean Penang International Convention and Exhibition Centre (SPICE) in Penang, Malaysia to explore new opportunities and technology.

The increase in Vietnam is driven by the recent increase in demand for devices. Electronics accounted for 23% of all Vietnam exports in 2014, up from only 5% in 2010, making it a key development focus of the Vietnamese government (Vietnam Trade Promotion Agency). "Foreign Direct Investment" manufactured goods make up a large portion of the electronics export market, with only a small percentage contributed by local Vietnam companies. The electronics industry in Vietnam increased its market share of the electronics industry to 38% in 2014, and with the increasing number of electronic items, Vietnam finds itself at the cusp of being an important electronics exporter within the region.

SEMI, the global industry association serving the electronics manufacturing supply chain, will include programs pertinent to Vietnam's semiconductor industry at the upcoming SEMICON SEA 2016, the region's premier showcase for microelectronics innovation.

According to Ng Kai Fai, president of SEMI Southeast Asia, "Forums and discussion sessions during SEMICON SEA 2016 benefit electronic players from Vietnam in terms of technology development as well as the bigger picture of Vietnam's market segment. The conference is an ideal platform for local semiconductor companies and start-ups to learn more about the technology trends that can be applied to Vietnam's electronics growing importance. At the same time, multinational corporations use this event to learn about the Vietnam supply chain, assisting the build-up of a local ecosystem over the long run."

"SEMICON SEA 2016 offers a complete platform for engaging customers, suppliers, engineers and decision-makers from across the industry. With the objective to champion regional collaboration, the showcase will open new business opportunities for customers and foster stronger cross-regional engagement. The event is sold-out for exhibitors for the first-time ever. With 200 global exhibitors and more than 60 industry luminaries presenting at the event, it offers a compelling reason why Vietnamese semiconductor stakeholders should attend this 'don't miss' electronics event," Ng Kai Fai added.

SEMICON SEA 2016 will focus on the key trends and solutions in semiconductor design and manufacturing, including emphasis on serving the needs of expanding applications markets many of which require development of specialised materials, packaging, and test technologies, as well as new architectures and processes.

To register for SEMICON SEA 2016 or to explore exhibiting opportunities, visit http://www.semiconsea.org/ or contact Ms. Shannen Koh at skoh@semi.org.

Sponsors for SEMICON SEA 2016 include Advantest, Applied Materials, AMEC, ASE, Chip Shine, Edward Technologies, GLOBALFOUNDRIES, EV Group, Indium, KLA-Tencor, Kulicke & Soffa, Lam Research, SCREEN, Siemens, Tokyo Electron and Xcerra Corporation. Partners include Invest Penang, LEDExpo Thailand 2016, VLSI Consultancy, MATRADE, Malaysia Investment & Development Authority (MIDA), Ministry of Tourism and Culture Malaysia, Malaysia Convention & Exhibition Bureau (MyCEB), Penang Tourism, SAMENTA and Singapore Manufacturing Federation.

Acendus Communications Sdn Bhd
Michael Poh at +60 12 395 5202
Reshvinder Kaur at +60 17 275 7985

Topic: Press release summary
Source: SEMI

Sectors: Design Process, Electronics, Cloud & Enterprise, IT Individual, Science & Research
From the Asia Corporate News Network

Copyright © 2023 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


SEMI Related News
Apr 18, 2019 13:00 HKT/SGT
Fully-fledged Smart Factory to be unveiled at SEMICON Southeast Asia 2019
Nov 29, 2018 13:00 HKT/SGT
Southeast Asia Electronics Supply Chain sets sights on Smart Manufacturing
Apr 13, 2018 13:00 HKT/SGT
SEMI Postpones SEMICON Southeast Asia 2018 to make way for Malaysian Election
Nov 22, 2017 13:00 HKT/SGT
SEMICON Southeast Asia 2018 to Debut in Kuala Lumpur
Apr 17, 2017 09:00 HKT/SGT
Disruption and the Value of Digital Transformation in Manufacturing; More at SEMICON Southeast Asia 2017
More news >>
Copyright © 2023 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575