Singapore, March 5, 2024 -- Delta Electronics (Thailand) PCL. represented Thailand’s advanced electronics manufacturing sector at the UBS OneASEAN Summit 2024 held at Marina Bay Sands, Singapore. Delta joined a special panel discussion titled, Tech in ASEAN: the next chapter, which featured regional electronics and semiconductor industry leaders to discuss the latest investments and innovations in the region.
Mr. Jackie Chang, Delta Thailand President, said, “Delta regularly conducts business risk assessments aligned with our commitment to sustainable development. For the long term, Delta targets to have the majority of non-electrical component suppliers located in Thailand but our localization drive includes neighboring ASEAN countries. We also invest in talent development, and we have signed an MOU for the Higher Education Sandbox Project with key industry players for talent and workforce development in the semiconductor and advanced electronics sectors.”
Questions around this news
What did Delta discuss at the UBS OneASEAN Summit 2024?
Delta Electronics (Thailand) PCL. joined a panel called “Tech in ASEAN: the next chapter” at the summit in Singapore. The discussion brought together regional electronics and semiconductor industry leaders to address investment and innovation in the region. Delta Thailand President Jackie Chang also spoke about the company’s risk assessments, supplier localization plans, and investment in workforce development.
What are Delta’s supplier localization plans?
Delta’s stated long-term target is to have most of its non-electrical component suppliers located in Thailand. The release says the company’s localization effort also includes neighboring ASEAN countries. It does not provide a timeline or quantify the target beyond describing it as a majority, so those details are not specified in the announcement.
What is a semiconductor?
A semiconductor is a material whose ability to conduct electricity falls between that of a conductor and an insulator. Its electrical properties can be controlled, which makes it useful for components such as transistors and integrated circuits. Semiconductor devices are used in electronics ranging from computers and communications equipment to vehicles and industrial systems.
What does ESG mean in business?
ESG stands for environmental, social, and governance. It is a broad framework used to describe how an organization addresses issues such as resource use, workplace practices, and oversight. The term can cover many different topics, and organizations may use different measures or reporting approaches when discussing their ESG activities.
The regional summit by global investment bank UBS aims to highlight the diverse opportunities in Southeast Asia as the region capitalizes on global supply chain shifts, young economies and a growing middle class. Delta was invited as a special guest from Thailand to an industry panel alongside Malaysian semiconductor company Inari Amertron and the Singapore Semiconductor Industry Association (SSIA).
As a company committed to sustainable development, Delta emphasizes collaboration with global partners for added value and competitiveness. The company is an R&D and manufacturing leader in Thailand’s electronics industry and leverages best-in-class innovation and ESG excellence to support global customers.
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Terms explained
- Supply chain
- The network of organizations, activities, and resources involved in making and delivering a product, from sourcing materials to reaching customers.
- Localization
- Adapting business operations or sourcing to a particular country or region, often by obtaining goods or services locally.
- MOU
- A memorandum of understanding is a document that records parties’ shared intentions or plans to cooperate. Its legal effect depends on its wording and the applicable law.
- Semiconductor
- A material with electrical conductivity between that of a conductor and an insulator, used to make electronic components such as transistors and integrated circuits.
- ESG
- Environmental, social, and governance: a broad set of considerations relating to an organization’s environmental impacts, people and communities, and oversight practices.
Earlier from Delta Electronics (Thailand) PCL.
- Delta Electronics Thailand Included in the S&P Global Sustainability Yearbook 2024 for Outstanding ESG Performance
- Delta Thailand Wins Prime Minister’s Best Industry Award and MIND Ambassador Award 2023 for Outstanding Contributions
- Delta Thailand Wins Top Prime Minister’s Best Industry Award 2023 for Outstanding Contribution to Sustainable Development
- Delta Joins BOI and Electronics Industry Leaders to Discuss Development in Thailand’s PCB Industry
- Delta Electronics (Thailand) PCL. Highlights Strong Performance, Growth, and Sustainability Achievements in 2023
