Recognising the need to diversify and move beyond low value-added and commodity-based growth, ASEAN has now started to increasingly turn its focus toward higher-value, high-technology industries. Semiconductor is one of them. With the market projected to reach
USD 1 trillion by 2030, the region has come to realise the strategic importance of semiconductors and felt the urgency to position itself more firmly within the global supply chains. The development of the ASEAN Framework for Integrated Semiconductor Supply Chain (AFISS) under Malaysia’s chairmanship last year –one of its Priority Economic Deliverables (PEDs)—is proof, demonstrating ASEAN’s concrete and actionable…