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“Human Resource Development” and “Sustainability” – Two Highlight Topics Set for the Southeast Asian Semiconductor Industry

23-05-2024

The Southeast Asian semiconductor industry is playing a globally important role in semiconductor innovation. Among the pivotal themes, two have emerged at the forefront of regional strategic discussions: Human Resource Development and Sustainability. These topics are not only central to the industry’s immediate operational effectiveness but are also key drivers for long-term competitiveness and resilience in an increasingly complex global market. 

Southeast Asia’s Pivotal Role in Semiconductor Manufacturing

Source: SEMICON SEA 2024

Southeast Asia stands out as a region that has rapidly established itself as a crucial hub for semiconductor manufacturing. Figures from Statista show that:

  • Revenue in the semiconductor market is projected to gain US$100.90 billion in 2024
  • The annual growth rate (CAGR 2024 – 2027) reaches 8.84%
  •  The market volume is up to US$130.10 billion by 2027 

With a combination of strategic location, skilled workforce, and supportive government policies, Southeast Asian countries have become prime destinations for semiconductor giants looking to expand their production capacities.

Southeast Asian countries are increasingly becoming key players in the global supply chain as businesses shift away from China in the wake of the pandemic. The US-China trade war has particularly focused on semiconductors made in China, so chipmakers are looking to diversify their sources of supply. These developments help strengthen Southeast Asia’s role in the global semiconductor supply chain.

The Vital Role of Human Resource Development

In an industry characterized by rapid technological advancements and intense competition, the development of a highly skilled and adaptable workforce is paramount. Southeast Asia’s semiconductor sector faces the dual challenge of nurturing a new generation of engineers, technicians, and specialists, while continually upskilling the existing workforce to keep pace with evolving technologies. This necessitates a robust framework for education and training, involving collaborations between governments, educational institutions, and industry players to create curricula and training programs that are aligned with current and future industry needs.

Moreover, fostering a culture of continuous learning and innovation is essential. This includes not only technical skills but also soft skills such as problem-solving, critical thinking, and teamwork, which are crucial in an environment where interdisciplinary collaboration is increasingly the norm. By investing in human resource development, the Southeast Asian semiconductor industry can ensure a steady pipeline of talent that is capable of driving innovation and maintaining the region’s competitive edge.

Embracing Sustainability for Future Resilience

Source: Brewer Science

The focus on sustainability has become more pronounced as environmental concerns and regulatory pressures mount globally. The semiconductor industry, known for its resource-intensive processes, is under scrutiny to reduce its environmental footprint. This encompasses a broad spectrum of initiatives, from minimizing energy consumption and waste production to adopting greener manufacturing practices and materials.

Southeast Asian countries, many of which are particularly vulnerable to climate change, are recognizing the imperative of integrating sustainable practices into their industrial strategies. Companies in the region are increasingly investing in renewable energy, water conservation technologies, and circular economy principles to mitigate their environmental impact. In addition, Southeast Asian countries and especially Vietnam (currently having rare earth reserves – the second largest important resource in the semiconductor industry in the world) also need to have a reasonable rare earth exploitation strategy to take advantage of available resources while not affecting the environment. Furthermore, sustainability efforts extend beyond operational efficiencies to include the entire supply chain, ensuring that suppliers and partners also adhere to high environmental standards.

SEMICON Southeast Asia 2024: Spotlight on Sustainability and Workforce Development

The importance of these themes is underscored by their prominence at SEMICON Southeast Asia 2024. This major industry event will see extensive discussions and initiatives focusing on sustainability and workforce development:

In terms of sustainability: Using renewable energy sources is a major step toward achieving semiconductor sustainability. Additionally, the semiconductor industry is investigating new technologies and materials made from renewable resources for environmentally friendly packaging. These initiatives are not only vital for reducing the environmental impact but also for aligning with global sustainability goals.

In terms of workforce development, SEMICON Southeast Asia 2024 will highlight workforce talent and development through a variety of activities. Key events include the IC Packaging Workshop, TALENTConnect, Career Fair, Career Talks, and the Regional Human Resources Forum. These sessions are designed to address the critical need for skilled professionals in the semiconductor industry, offering opportunities for networking, education, and career advancement.

Conclusion

As the Southeast Asian semiconductor industry navigates the complexities of the modern global landscape, the emphasis on human resource development and sustainability will be crucial. These two pillars will support the industry’s growth, innovation, and resilience, ensuring that it remains a vital player on the global stage. By investing in people and sustainability strategy, Southeast Asia can lead the way in building a semiconductor industry that is not only technologically advanced but also socially responsible and environmentally sustainable. 

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