Southeast Asian economies risk falling behind in the AI revolution due to a lack of significant movement up the value chain in manufacturing and research, according to Standard Chartered's chief ASEAN economist Edward Lee. While countries like Singapore and Malaysia are involved in chip assembly and server manufacturing, they lag behind North Asian counterparts in advanced semiconductor production and R&D investment. The Philippines' business process outsourcing sector is particularly vulnerable to AI-driven automation, potentially impacting its GDP contribution. AI
IMPACT Southeast Asian economies risk being left behind in the AI revolution if they do not invest more in R&D and move up the value chain.
RANK_REASON Economist commentary on regional economic positioning relative to AI.
- Eric Robertsen
- Japan
- Malaysia
- Philippines
- Samsung Electronics
- Singapore
- SK Hynix
- South Korea
- Standard Chartered
- Taiwan
- Thailand
- TSMC
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