The ASEAN Technology Supply Chain Ecosystem Booklet has been expanded to 50 stocks, with Malaysia being the largest source of nascent companies in the downstream-centric supply chain in Asia. The report highlights ASEAN's potential as a hedge for global tech supply chain due to rising geopolitical risks. The supply chain is expected to moderate, but structural drivers are expected to sustain the industry. The cycle is currently down 40% and is correcting ahead of an inventory peak. The report projects that the OSAT market share will increase by ~1% to 6% by 2023. The report provides a pecking order for the coverage universe.