- CEVA Logistics will provide contract logistics support for ASM International’s new global manufacturing headquarters in Singapore
- Support comes in the form of an in-house operations site that will provide on- and off-site warehouse management
CEVA Logistics has opened an in-house operations site at ASM International’s new global manufacturing headquarters in Singapore to provide critical contract logistics support.
CEVA, a third-party logistics solutions provider for large and medium-size global companies, said contract logistics support for ASM International will come by way of on- and off-site warehouse management.
This marks an expansion of CEVA’s footprint in Singapore as it strives to become a key service provider catering to the specialized requirements of the semiconductor industry, the company said in a release.
ASM International specializes in the design and manufacture of semiconductor wafer processing equipment for the fabrication of semiconductor devices.
According to World Semiconductor Trade Statistics’ latest forecast in May 2021, the world market for these devices is set to grow by almost 20% for the remainder of 2021, with the current annual market size at about US$527 million.
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 new 95,000-square-foot ASM 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 maximize warehouse management operations.
“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,” said Elaine Low, managing director of the company’s SEAPAC group.
Photo courtesy of CEVA