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The ASEAN semiconductor market is poised for significant growth in the coming years, fueled by increasing demand from diverse sectors including automotive, consumer electronics, telecommunications, and industrial equipment. According to the Statista Market Forecast1, the revenue in the ASEAN Semiconductors market is anticipated to reach US$100.90 billion by 2024, exhibiting a compound annual growth rate (CAGR) of 8.84% from 2024 to 20271. The Integrated Circuits segment is expected to lead the market, with a projected volume of US$89.17 billion in 20241. Among the global consumers of semiconductors, China holds the top position, followed by the United States and Japan2.

Nevertheless, the semiconductor market is susceptible to cyclical fluctuations due to changes in demand and supply dynamics, as well as the influence of external factors such as ongoing conflicts, energy crises, and inflation23. Consequently, the outlook for the market may vary based on the future developments of these factors.