As geopolitical tensions continue to rise, the global semiconductor supply chain must add new locations outside of existing ones to meet customer requirements. In the past, semiconductor manufacturing was concentrated in the Greater China region (China and Taiwan). However, under the trend of de-risking and globalization, the demographic dividend and cost advantages in Southeast Asian (SEA) countries and India, which are also mostly members of multilateral trade agreements such as the RCEP and CPTPP, have made it the next important semiconductor development base.