Updated: Apr 6, 2022
Seoul leads fDi Benchmark’s analysis, followed by Chennai and Guangzhou
The prominence of major Asian clusters in the electronics industry has made them attractive for research and development (R&D) operations. All but one of the 20 most competitive locations to set up an electronics R&D centre are located in Asia, according to an assessment conducted using fDi Benchmark, an investment location comparison tool.
Seoul, the South Korean capital which is home to the large research campuses of domestic champions including Samsung and LG Electronics, ranked as the world’s most competitive location for electronics R&D activities. It was followed by Chennai in India and the two Chinese megacities of Guangzhou and Shenzhen.
Istanbul came fifth, making it the only European location to place in the top 10, thanks in part to its well developed ecosystem of electronics companies. Three Indian cities – Bangalore, Pune and Gurgaon – along with Penang in Malaysia and Japan’s capital Tokyo, made up the remainder of the top 10.