Despite the region’s healthy showing for its electronics sector, it remains softer compared to Asian semiconductor heavyweights Taiwan and South Korea. While Singapore is a leader in the space, it too, lags behind major manufacturers in Northeast Asia.
The electronics sector continues to lead Southeast Asia’s (SEA) exports, extending its lead among other economic sectors in the first quarter. The recovery in global semiconductor sales, which saw a 15.3% y-o-y increase in the quarter, particularly benefited Vietnam, pushing its export numbers to grow by an estimated 16.8% y-o-y, according to Oxford Economics, courtesy of the Institute of Chartered Accountants in England and Wales (ICAEW).
Malaysia also looks to be a beneficiary of the electronics recovery come the second half of the year due its position further down the electronics value chain.
