BEIJING (Reuters) – Chinese state-owned semiconductor company Tsinghua Unigroup plans to accelerate its international expansion, with Southeast Asia one of the most important regions, Chairman Li Bin said Wednesday at the AIPF event in Jakarta during the ASEAN summit.
Tsinghua Unigroup operates three factories in Indonesia, Malaysia and Singapore, Li said, and aims to further expand its manufacturing and R&D capabilities in the region.
Speaking at the AIPF event held in Jakarta during the ASEAN summit, Tsinghua Unigroup Chairman Li Bin announced the company’s plans to speed up its global expansion efforts. Li emphasized that Southeast Asia will be a key focus for the company’s growth strategy.
With existing factories in Indonesia, Malaysia, and Singapore, Tsinghua Unigroup already has a presence in the region. However, the company intends to strengthen its footprint by expanding its manufacturing and research and development capabilities.
As one of China’s state-owned semiconductor giants, Tsinghua Unigroup’s expansion plans align with the country’s push to increase its influence in the global tech industry. By targeting Southeast Asia, Tsinghua Unigroup aims to tap into the region’s fast-growing markets and foster partnerships with local players.
Li Bin’s announcement comes amidst China’s ongoing trade tensions with the United States, which has led Chinese tech companies to explore alternative opportunities in other markets. Southeast Asia, with its expanding middle class and rising demand for technology products, presents a lucrative opportunity for Tsinghua Unigroup to expand its customer base and diversify its operations.
This move also reflects Tsinghua Unigroup’s strategy to reduce its reliance on foreign suppliers. By enhancing its manufacturing capabilities in Southeast Asia, the company can strengthen its supply chain resilience and minimize potential disruptions caused by trade tensions.
Tsinghua Unigroup’s plans to boost its presence in Southeast Asia are expected to bring economic benefits to the region as well. The company’s increased investments in manufacturing and R&D facilities will create job opportunities and spur technological advancements in countries like Indonesia, Malaysia, and Singapore.
Overall, Tsinghua Unigroup’s accelerated international expansion in Southeast Asia demonstrates its determination to become a global player in the semiconductor industry. Through its continued investments and partnerships, the company aims to contribute to the region’s economic growth and establish long-term relationships with Southeast Asian markets.
This article was reported by Yelin Mo and Brenda Goh and edited by Tom Hogue.
Credit: The Star : Tech Feed
