Southeast Asia is a top choice for firms diversifying supply chains amid U.S.-China tensions
Which countries in Southeast Asia have seen increased FDI?
Southeast Asian countries such as Vietnam, Malaysia, Indonesia, and Singapore have seen increased FDI. Vietnam has become a key manufacturing location for Apple, while Malaysia has attracted semiconductor firms like Intel, GlobalFoundries, and Infineon. Indonesia has lured EV companies with incentives, and Singapore remains a preferred destination for regional headquarters and startups.
What sectors in Malaysia have attracted new investments recently?
Malaysia has attracted new investments in sectors such as semiconductors, with companies like Intel, GlobalFoundries, and Infineon setting up or expanding operations. Additionally, investments in data centers and sectors like solar and EV-related components have increased. Malaysia's skilled labor in chip packaging, assembly, and testing contribute to its appeal for investments.
What advantages does Singapore offer to global businesses?
Singapore offers global businesses a strategic location, pro-business environment, advanced digital infrastructure, strong intellectual property protection, and access to a highly skilled workforce. The country's extensive network of free trade agreements and double taxation agreements further enhances its attractiveness as a hub for international business.