Press Releases
 
Southeast Asia Electronics Supply Chain Set Sights Towards Smart Manufacturing

KUALA LUMPUR, 29 November 2018 -- (ACN Newswire) -- Southeast Asia is a region that is fast developing. It has evolved from an agricultural society to one of the fastest growing regions in the world within the span of a century. One of the main drivers of such growth is Southeast Asia's position as a cost competitive manufacturing hub. Removing cost out of operations is key to cost competitiveness. As Southeast Asia continues to accelerate human capital value add, the key to retain a cost-efficient manufacturing hub will need to be abstracted from higher productivity and yield. To that end, Southeast Asia E&E manufacturing is setting its sight on digital technologies related to Industry 4.0.

A report by McKinsey & Company highlighted that Southeast Asia needs to embrace Industry 4.0 to unlock its potential in manufacturing. It claims that disruptive technologies associated with Industry 4.0 would have an impact on productivity on a similar scale that the introduction of the steam engine had during the first Industrial Revolution. Globally, if the digital technologies of Industry 4.0 were to be embraced and integrated efficiently, it is forecasted that it could contribute between US$1.2 trillion and US$3.7 trillion in gains.

According to Ng Kai Fai, President of SEMI Southeast Asia, "We see a rise in Southeast Asia countries embracing smart manufacturing or Industry 4.0. Hitachi opened a smart factory hub in Thailand a few months ago. Singapore launched the world first's Smart Industry Readiness Index to catalyse the transformation of industrial sectors during this 4th Industrial Revolution. India launched the Make in India initiative to encourage MNCs and other companies to manufacture their products in India. The new government of Malaysia in its recent Budget 2019 tabling, announced a National Policy on Industry 4.0 named Industry4WRD, to support the industry's efforts to rely more on technology and less on capital and labour, to increase productivity. Thailand is embarking on Thailand 4.0 on similar ground."

"Clearly, transitioning to smart manufacturing for the Southeast Asia region is no longer a question of how but a question of when, given the pivotal nature this industry has to the region's economic well-being. At the same time, we need to be aware of the many potential pitfalls surrounding it. A possible step forward is for the region as a bloc to formulate a unified plan when adopting the various technologies associated with Industry 4.0 as it pushes for a more resilient and innovative economic community."

"SEMI, the global not-for-profit association advancing the global electronics manufacturing supply chain, has organised a host of activities and events to bring smart manufacturing discussions to the forefront. We recently concluded a two-day conference in Singapore focusing on smart manufacturing and smart data where we discussed the potential of incorporating these concepts into practice and explored the challenges of adoption. In SEMICON Southeast Asia 2019, which will be held from 7-9 May 2019, there will be a showcase of Electronics Manufacturing Smart Factory focusing solely on smart manufacturing and smart data in practise."

SEMICON Southeast Asia is the region's premier gathering of the global electronics manufacturing supply chain. The 2019 edition, which will be held at the Malaysia International Trade and Exhibition Centre (MITEC), is themed 'Think Smart, Make Smart'. For more information, visit http://www.semiconsea.org/.

About SEMI

SEMI(R) connects over 2,000 member companies and 1.3 million professionals worldwide to advance the technology and business of electronics manufacturing. SEMI members are responsible for the innovations in materials, design, equipment, software, devices, and services that enable smarter, faster, more powerful, and more affordable electronic products. Electronic System Design Alliance (ESD Alliance), FlexTech, the Fab Owners Alliance (FOA) and the MEMS & Sensors Industry Group (MSIG) are SEMI Strategic Association Partners, defined communities within SEMI focused on specific technologies. Since 1970, SEMI has built connections that have helped its members prosper, create new markets, and address common industry challenges together. SEMI maintains offices in Bangalore, Berlin, Brussels, Grenoble, Hsinchu, Seoul, Shanghai, Silicon Valley (Milpitas, Calif.), Singapore, Tokyo, and Washington, D.C. For more information, visit http://www.semi.org and follow SEMI on LinkedIn and Twitter.

Please contact on behalf of SEMI:
Acendus Communications Sdn Bhd
- Michael Poh at +60 12 395 5202
- Reshvinder Kaur at +60 17 275 7985

# # #


Submitted by ACN Newswire, ACN Newswire on Thursday, 29 November 2018 at 1:52 PM
Category: Enterprise Technology
 
Related News

Global Smart Hospital Market : Analysis and Opportunity Assessment 2025
Monday, 27 May 2019

Greenbriar Capital Corp Provides Montalva Update
Monday, 27 May 2019

Global Smartphone Accessories Market | Size | Analysis | Share | Outlook to 2024
Wednesday, 22 May 2019

KDDI and SUMITOMO to enter Myanmar's Mobile Game Industry
Wednesday, 22 May 2019

Global Voice Biometrics Market : Scenario, Size, Outlook, Trend and Forecast Till 2024
Wednesday, 22 May 2019

Related Events

DevOps Days Toronto 2019 - May 29/30
Wednesday, 29 May 2019

Palo Alto Networks: UTD - Security Operating Platform
Thursday, 30 May 2019

Palo Alto Networks: Ignite ’19 Security Conference
Monday, 3 Jun 2019

Palo Alto Networks: UTD - Security Operating Platform
Tuesday, 4 Jun 2019

Palo Alto Networks: Cortex Meet and Greet at Ignite 2019
Tuesday, 4 Jun 2019

Latest News

Global UV Curing Machine Market Insight 2019-2024
Monday, 27 May 2019

Diet Rite System – Offering the Best Diet System for You to Stay Fit
Monday, 27 May 2019

STUDY MBBS IN Bangladesh
Monday, 27 May 2019

Energy Management System: Market Growth
Monday, 27 May 2019

Custom Top Luxury Furniture - Luxury Furniture
Monday, 27 May 2019

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Monday, 27 May 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • 87th EAS Congress Maastricht May 26-29 2019
  • RISC2019, INTERNATIONAL CONFERENCE FOR SCHOOL AT ROME ITALY
  • ESDPPP 2019 - Developmental Perinatal and Pediatric Pharmacology Congress
  • Intel OpenVino Workshop - Milan
  • Fixed Income Leaders Summit in Hong Kong - May 2019

  • Latest Jobs
    Sorry, there are currently no entries posted here.