FedEx

A third of semiconductor companies plan to expand manufacturing into Asia-Pacific markets over the next three years as the AI boom drives chip demand, according to global courier FedEx.

Southeast Asia has emerged as top growth market for Asia Pacific (APAC) region, FedEx Express (FedEx) said Wednesday. Its survey reviewed that 68 percent of respondents see the greatest potential for growth in Southeast Asian countries such as Thailand, Vietnam, and Indonesia.