According to reporting from Antara News, the Kura-Kura Bali Special Economic Zone (KEK) will serve as a catalyst for developing the digital semiconductor industry ecosystem, Coordinating Minister for Economic Affairs Airlangga Hartarto, said in Denpasar on Sunday (29/9/24.)
The minister made these remarks during the “Shaping the Future Economy: AI & Semiconductor” event at the Kura-Kura Bali KEK, asking that “Tsinghua University not only develop a youth center but also establish a campus for Indonesian youth,” referring to the Chinese university that launched the Tsinghua Southeast Asia Center in Bali’s special economic zone in 2022.
The training center will accommodate all stakeholders interested in learning, networking, developing capacity, and creating innovative solutions to contribute directly to the Sustainable Development Goals (SDGs), says Antara News.
Hartarto expressed hope that the training center will strengthen Indonesia’s digital ecosystem, especially in the development of the semiconductor sector, adding that this is the first time that stakeholders from the government, academia, and industry have collaborated to enhance and deepen the digital economy.
Hartarto said that the development of the digital economy includes semiconductors, which are key to artificial intelligence (AI).
“The value of our digital economy today is around USD 82 billion, and it is expected to increase to USD 300 billion by 2030. This figure will continue to double if ASEAN countries implement the Digital Economy Framework Agreement,” he said.
Hartarto noted that Indonesia is home to over 2,600 startups, with 15 startup companies valued at around USD 10 billion and two companies exceeding USD 10 billion, according to Antara News.
Source: Antara News
Stock photo by Igor Omilaev on Unsplash
