In a strategic move to strengthen its global presence, Wistron's board of directors approved several overseas investment projects on December 20, 2024, including a major renovation of its Texas facility in the US, the construction of a new factory in Vietnam, and additional capital investment in India
Indonesia has demanded Apple establish manufacturing facilities commensurate with its market size in the country. As global supply chains continue to evolve, such requirements from nations may become increasingly common
Topoint Technology, a manufacturer of PCB drill bits, is preparing to commence mass production at its new factory in Thailand in 2025. This facility will provide drilling services to local PCB operations overseen by Taiwan-based companies
Taiwan-based energy solution provider ATE Energy has achieved significant progress in the Philippines market with an order backlog of about NT$11 billion (approx. US$335.83 million) and expects overseas revenues to account for 70% of the overall total in 2025, according to the company
US-based IC backend house Amkor Technology is advancing its US$1.6 billion factory in Bac Ninh, Vietnam. However, it expects much fewer employees to be required for the facility inaugurated in October 2023
Taiwan-based Wistron, a leading electronics manufacturer and Apple supplier is set to begin operations for its US$24.5 million investment in Ha Nam Province, Vietnam
Following other PCB firms' expansion moves, niche copper-clad laminate (CCL) specialist Ventec announced plans in November for a production base in Thailand, which will begin volume production in the first quarter of 2026. The expansion comes in consideration of escalating risks in the US-China trade war, aiming to enhance the company's long-term resilience through a production base in Southeast Asia
With Donald Trump ready to take office in January 2025, notebook brands are asking their upstream supply chain partners to establish plants outside Vietnam, amid growing concerns that exports from the Southeast Asian country may become the next US target for higher tariffs, according to industry sources
On December 12, 2024, Malaysia marked a significant milestone in its digital transformation journey by officially launching the National AI Office (NAIO), a dedicated institution focused on AI policies and regulations to establish the country as a leading AI hub in Southeast Asia
Days after the US government announced fresh countervailing duties on solar products from Southeast Asian countries, targeting Chinese companies, China-based solar inverter manufacturer Ningbo Deye announced its intention to invest US$150 million in establishing a subsidiary in Malaysia to manufacture solar energy and storage products
Taiwan-based tier-1 high-density interconnect (HDI) board maker Compeq Manufacturing has opened its first production base in Southeast Asia located in Thailand. The facility will initially focus on producing printed circuit boards (PCB) for low-earth orbit (LEO) satellites with mass production set to begin in the first quarter of 2025
IC distributor WT Microelectronics announced on December 16 that it will acquire a 20% stake in WT Semiconductor from Excelpoint founder and CEO Albert Phuay Yong Hen for approximately US$30.08 million. This move aims to expedite the integration process between the two companies and enhance operational efficiency
The Thailand International Motor Expo 2024 showcased 43 brands from nine regions, highlighting Chinese automakers' dominance in the EV sector. Chinese brands capitalized on growing EV demand, reshaping Thailand's automotive market and export strategies
Taiwan-based HDI board manufacturer Compeq experienced robust revenue performance in November, driven by the heightened demand for tablets and notebooks, steady shipments of low Earth orbit (LEO) satellites, and substantial orders for new models from Chinese mobile phone manufacturers
HD Renewables and ATE Energy have signed a letter of intent with San Miguel Global Power (SMGP), the power generation arm of San Miguel Corporation, to jointly develop a 1-gigawatt (GW) solar energy project in Isabela Province, Philippines
