Southeast Asia Targets Higher-Value Semiconductor Roles东南亚瞄准半导体价值链高端环节

01The Story新闻事实

Southeast Asian governments are using incentives, research funding, workforce programmes and infrastructure investment to expand their semiconductor roles beyond established assembly and testing activities. Malaysia, Singapore, Vietnam, Thailand, the Philippines and Indonesia are pursuing different segments, creating a regional contest for investment, technology and talent while raising the question of whether national strategies can form a broader ecosystem.东南亚各国政府正通过投资激励、科研资金、人才计划和基础设施建设，推动半导体产业超越既有的组装与测试环节。马来西亚、新加坡、越南、泰国、菲律宾和印度尼西亚分别瞄准不同领域，形成围绕投资、技术和人才的区域竞争，也引发各国战略能否最终构建更大区域生态系统的问题。

• Malaysia is seeking to expand from outsourced semiconductor assembly and testing into integrated-circuit design, advanced packaging and semiconductor equipment.马来西亚正寻求从外包半导体组装与测试，拓展至集成电路设计、先进封装和半导体设备领域。
• Singapore committed S$800 million to semiconductor research under its RIE2030 programme and is building a S$500 million National Semiconductor Translation and Innovation Centre.新加坡在RIE2030计划下承诺投入8亿新元用于半导体研究，并建设一座投资5亿新元的国家半导体转化与创新中心。
• Vietnam is developing domestic semiconductor design, prototyping and fabrication capabilities; its first chip plant at Hoa Lac is scheduled for trial production from 2027.越南正发展本土半导体设计、原型开发和制造能力；其位于和乐的首座芯片工厂计划自2027年开始试生产。
• Thailand is targeting power semiconductors, sensors and photonics, with a THB 500 billion investment target by 2030.泰国瞄准功率半导体、传感器和光子学领域，并设定到2030年吸引5000亿泰铢投资的目标。
• The Philippines is targeting chip design, engineering and research and development, with an industry roadmap that sets a US$110 billion annual export goal by 2030.菲律宾正瞄准芯片设计、工程和研发领域，其产业路线图设定了到2030年实现年出口额1100亿美元的目标。
• Indonesia is at an early stage and is building foundations across materials, design, fabrication and assembly, testing and packaging.印度尼西亚仍处于早期阶段，正围绕材料、设计、制造以及组装、测试和封装建立产业基础。

Southeast Asia is not pursuing one semiconductor model but a set of complementary and potentially competing positions across the value chain.东南亚并未采取单一的半导体发展模式，而是在价值链不同环节布局既可能互补、也可能相互竞争的产业定位。

024 Dimensions维度分析

03Timeline时间线

1. 2026-01 Indonesia’s national semiconductor roadmap was announced.印度尼西亚发布国家半导体路线图。
2. 2026-03 Malaysia’s New Incentive Framework took effect for manufacturing.马来西亚新的激励框架对制造业生效。
3. 2026-09 Thailand announced a national semiconductor strategy, while the Philippines issued an industry roadmap.泰国公布国家半导体战略，菲律宾发布产业路线图。
4. 2027 Vietnam’s first chip plant at Hoa Lac is expected to begin trial production.越南位于和乐的首座芯片工厂预计开始试生产。
5. 2030 Thailand’s investment target and the Philippines’ annual export goal are set for this year.泰国的投资目标和菲律宾的年度出口目标均设定于这一年实现。

Key takeaway核心结论

Southeast Asia’s semiconductor opportunity depends on whether six differentiated national strategies can combine into a resilient regional production and innovation network.东南亚的半导体机遇取决于六套各具特色的国家战略能否整合为更具韧性的区域生产与创新网络。

04What to Watch后续关注

1. Whether Vietnam’s first chip plant reaches trial production from 2027 as planned.越南首座芯片工厂能否按计划自2027年开始试生产。
2. Whether Malaysia’s incentive framework produces higher-value jobs, domestic supply-chain linkages and industrial clusters.马来西亚的激励框架能否带来高价值就业、国内供应链联系和产业集群。
3. Whether Thailand and the Philippines progress toward their 2030 investment and export targets.泰国和菲律宾能否朝着各自的2030年投资与出口目标推进。
4. Whether national competition develops into complementary regional specialisation or remains a contest for the same investment, technology and talent.各国竞争最终会发展为互补的区域专业化，还是继续围绕相同的投资、技术和人才展开争夺。

05Uncertainties不确定因素

• The source does not establish whether the six national strategies will be coordinated into a broader regional semiconductor ecosystem.来源未确定六国战略能否协调形成更大的区域半导体生态系统。
• The source describes policy goals and investment targets but does not provide evidence of their eventual implementation or outcomes.来源介绍了政策目标和投资目标，但未提供这些目标最终落实或产生效果的证据。
• The source does not specify how semiconductor investment, technology and talent will be distributed among the six countries.来源未说明半导体投资、技术和人才将在六国之间如何分配。

06Sources信息来源

1. Southeast Asia’s Semiconductor Race: Can the Region Move Up the Value Chain?Southeast Asia’s Semiconductor Race: Can the Region Move Up the Value Chain? FiscalNote · 2026-10-06

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