CEVA Logistics has announced it is providing support in semiconductor production growth through ASM International NV contract expansion in Singapore, with on- and off-site warehouse management.
CEVA Logistics has opened an in-house operations site at ASM International NV’s new global manufacturing headquarters in Singapore, marking an expansion of CEVA’s footprint locally and aiming to reinforce its position as a service provider catering to the specialised requirements of the semiconductor industry.
ASM International NV specialises in the design and manufacture of semiconductor wafer processing equipment for the fabrication of semiconductor devices. According to World Semiconductor Trade Statistics latest forecast from May 2021, the world market for these devices is set to grow by almost 20% in the remainder of 2021 with the current annual market size at approximately $527m. All major product categories within the field are expected to show double-digit annual growth, with the strongest increase shown in Asia Pacific.
At the 95,000 sq ft ASM International NV facility, CEVA Logistics will provide critical logistics support, such as inventory and storage management, spare part management, kitting, trash removal and cleanroom packing, along with other value-added services supporting manufacturing activities, including transportation. Almost 150 people will be operating at the site by the end of 2021 in order to maximise warehouse management operations.
Elaine Low, managing director, SEAPAC, CEVA Logistics, said, “With global demand for smart devices and components accelerating, the semiconductor industry is certainly well positioned for growth, and with our long-standing presence in this market, it is a fast-growing sector for CEVA Logistics. Thanks to our experienced team, we have been at the forefront of this industry for decades, providing responsive logistics solutions to semiconductor manufacturers. Our agility in serving our customers is a critical asset as they ramp up to respond to ever-increasing demand.”
Source: CEVA Logistics
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