China will become the world’s leading semiconductor superpower on the basis of its growing domestic demand for the chips, according to GlobalData thematic research. The semiconductor industry will double in size to more than $1trn by 2030, and China will account for approximately 60% of that growth, according to the Semiconductor Industry Association and Boston Consulting Group. However, China’s long-standing ambition to become the leader of the Fourth Industrial Revolution m
The number of gigafactories in the pipeline has surpassed 300 as the global rush to develop lithium ion battery production capacity continues. There is now 6,387.6 gigawatt hours (GWh) of lithium ion battery capacity in the pipeline as assessed in Benchmark’s May 2022 Gigafactory Assessment, a 68% year-on-year increase. China continues to dominate gigafactory announcements, but North America and Europe have seen significant growth over the past two years thanks in part to aut
With China controlling the supply chains for many critical minerals this has now become a matter of policy concern for major economies given the vulnerability of supply chains through protectionism and control of the mining and associated processes to drive industry 4.0 and advanced manufacturing industries associated with economic growth. The American green economy will rely on renewable sources of energy like wind and solar, along with the electrification of transportation.
As EV & Advanced Manufacturing hots up in Asia a timely article by Investment Monitor on the critical elements that are driving the new agenda; 'Angola, Australia and the US are all poised to ramp up the production of rare earth elements during the next few years, but China is set to continue enjoying an 80% share of the global refining of the vital metals.' In January 2022, China said it was creating a new state-owned enterprise, China Rare Earth Group, a ‘megafirm’ that wil
For decades, export manufacturing has played a critical role in powering remarkable socioeconomic development across Southeast Asia. Yet while several other Asian manufacturing economies have evolved into global leaders in advanced industries and innovation, most of Southeast Asia is still viewed primarily as a location for low-wage assembly work. The ten-nation Association of Southeast Asian Nations (ASEAN) now has a golden opportunity to move up the manufacturing value chai
McKinsey highlights five growth levers for emerging ASEAN and show how they could boost recovery in countries such as Vietnam and Indonesia Emerging ASEAN (Indonesia, Malaysia, Philippines, Thailand, and Vietnam) began the crisis at a disadvantage, and COVID-19 exposed and often heightened their challenges. Larger, developed nations generally have the resources and infrastructure to weather the pandemic’s impact. Some emerging ASEAN countries were unable to mount stimulus pr