Is Asia minus China, a lot bigger semiconductor market? Vietnam is hot destination now
We know China is a big market in Asia and is growing (though slower) irrespective of US imposed restrictions. But look at rest of Asia. It's lot more bigger and is a lot more robust in terms of eco-completeness, and is also growing faster than China. Japan, Taiwan and South Korea together can be ranked bigger than any other semiconductor market in the world in many of the market-segments. If you exclude China, Japan, South Korea and Taiwan; the rest-of-Asia is still a big pie of semiconductor eco with India included. It all mean, semiconductor industry is proliferating all over Asia and China's growth/fall will not have any effect on the growth of semiconductor industry in Asia. For those who care for globalized semiconductor eco distribution, this trend should be more than acceptable. Note, Asia is the largest importer of fossil fuel, they need EV automobiles to balance the trade and so is the electronics for those vehicles.
The Asia Pacific electronic components market has grown substantially during last two decades with a share of 68.1% of global electronic part exports in 2023. China, Taiwan, Japan, South Korea take major share and Vietnam ranked 47th in 2001 to 12th in 2019.
The old Asian-tiger economy linked/driven countries such as Singapore Malaysia, Thailand, Philippines and Indonesia and Vietnam all together can be comparable to any of the individual market ...
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