Malaysian semiconductor industry expected to grow 8-10% in 2022

According to data from the Malaysian Semiconductor Industry Association (MSIA), the Malaysian semiconductor industry is expected to grow by 8-10% in 2022, Digitimes reported. Vietnam’s exports recorded double-digit growth in the first nine months of 2022, with export value rising 17.2% to US$282 billion. However, both countries expect weakness in 2023, which bodes well for a slowdown in the electronics industry and the U.S. economy. Next year, the automotive industry in Malaysia, Thailand and Indonesia will remain strong.

According to The Edge Markets, the Malaysian Semiconductor Industry Association (MSIA) expects that Hong Leong Bank expects the semiconductor industry to grow by 8% to 10% in 2022, followed by weakness in 2023, due to weakness in the PC and smartphone manufacturing industries.

In the past 12 months, Malaysia has announced semiconductor investments totaling RM52 billion, targeting the creation of 11,000 jobs, the investment bank said.

Ford, Hyundai and Indonesia discuss electric vehicle investment

Indonesia is in discussions with Ford Motor and Hyundai Motor to build electric vehicle-related businesses in the Southeast Asian country, Indonesia's Coordinating Minister for Economic Affairs Airlangga Hartarto told an audience in Washington, D.C., on Oct. 20, Reuters reported.

"We have the raw materials for electric vehicle battery technology, Indonesia's large nickel supply and semiconductor capacity to support the U.S. auto industry."

Vietnam to experience import and export difficulties by year-end

According to EIN Presswire, Nguyen Cam Trang, deputy director of the Import and Export Department of Vietnam's Ministry of Industry and Trade, said that Vietnam's import and export activities will face many difficulties and challenges in the last few months of this year and next year. High inflation in Vietnam's main export markets has also reduced domestic demand for consumer goods.