Malaysia, May 28-30— The grand event of SEMICON Southeast Aisa 2024 has once again spotlighted the robust growth of the global semiconductor market and Malaysia's significance as a strategic hub.
According to data presented at the exhibition, the global semiconductor sales are projected to achieve a compound annual growth rate (CAGR) of 7.5% from 2023 to 2032. By 2032, the global semiconductor market sales are expected to exceed $1 trillion, doubling the current levels. Notably, the capital expenditure growth rate in the Southeast Asia region is the most remarkable, reaching an annual rate of 32%.
At the event, the Malaysian government announced its National Semiconductor Strategy, aiming to attract investments worth hundreds of billions of dollars, to propel the domestic semiconductor industry, and to position Malaysia as a pivotal chip manufacturing hub globally. Several international giants have already expanded their investments in Malaysia.
Furthermore, with the rapid development of the artificial intelligence (AI) market, particularly with the introduction of new technologies such as ChatGPT, the demand for AI applications has significantly surged, with a market CAGR reaching 40%. TSMC forecasts that its AI product revenue will achieve a CAGR of 50% over the next five years. These trends indicate that the semiconductor industry will continue to exhibit robust growth in the coming years.
The SEMICON Southeast Aisa 2024 not only showcased the promising future of the semiconductor industry but also highlighted Malaysia's critical role in the global semiconductor market.
Our participation in this exhibition signifies our commitment to this market and our anticipation of more collaborative opportunities. We sincerely thank all our supporting partners and exhibitors, and we look forward to achieving greater success in future exhibitions!
