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Semiconductors are enablers that support the rise of technologies such as artificial intelligence (AI) and IoT. Though tiny in size, these wafer-like circuit chips are instrumental in raising low-latency and reliable connectivity with the 5G and 4.0 industrial revolutions, compounded in this pandemic-stricken landscape.

Read more: Semiconductors shortage: The impact on industries and countries

Manufacturing is one of the key pillars of economies in the Asia Pacific (APAC) region. According to GlobeNewswire, APAC is the largest general manufacturing market in the world, accounting for 43% of the global market. With the advent of the Industry 4.0 revolution, the world’s largest manufacturing hub will experience significant shifts as connectivity becomes the backbone of next-generation factories, where artificial intelligence (AI), machine learning, cloud computing and the Internet of things (IoT) are being embraced to unleash technology-driven smart manufacturing.

Read more: Smart factories: The future of Asia’s manufacturing hub

Access to traditional banking services is limited in developing countries. The World Bank estimates that 1.7 billion adults are unbanked, yet more than 65% of them own a mobile phone. For this group of underserved in developing countries, mobile money is a technology that enables them to receive, store and spend money using just a mobile phone, in the absence of a bank account.

Read more: Opportunities in Asia’s mobile money markets

Autonomous driving has been envisioned as the future of mobility to bring about benefits such as enhanced mobility, safer and less congested roads, as well as reduced environmental impacts. But owing to a combination of factors such as regulation, technology and infrastructure, it has not yet fully materialised. Nevertheless, the industry remains hopeful as technology providers, automobile companies and OEMs continue to secure strategic partnerships to gain a head start into the future of autonomous driving.

Read more: Automotive revolution: The race towards electric cars and autonomous driving

The telecommunications industry is the backbone of technological growth and digital transformation. While revenues in the telecom sector declined in the first half of 2020, owing to economic impact as a result of the pandemic, GSMA reported that recovery took place in the second half of the year with increased consumers and households acquiring integrated bundle services and high-speed connectivity becoming sought after across all rungs of society.

Read more: Harnessing artificial intelligence to transform telcos

Singapore helms the top spot as Asia Pacific’s most innovative country according to the latest Global Innovation Index released in 2020. This makes it the seventh consecutive year that Singapore covets the first spot across economies in the region. Globally, Singapore is in the eighth spot, behind countries such as Switzerland in the top spot, the US, Britain, Denmark and Finland.

Read more: Singapore: Why this small city-state is a regional innovation hub

As digitalization becomes increasingly fundamental to Asia Pacific’s economic growth, Telecom Review Asia Pacific interviews Mr. Bai Yang, vice president of ZTE Corporation in charge of marketing and solution department of APAC to glean insights into ZTE’s innovations that help spearhead and support the region’s industry digitalisation.

Read more: Revolutionize industries through paving the path for the digital economy

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