KUALA LUMPUR, April 29 – Prime Minister Datuk Seri Anwar Ibrahim unveiled plans to construct Southeast Asia’s most extensive integrated circuit (IC) design hub in Selangor. Anwar announced the establishment of the IC Design Park, which will serve as a home to leading anchor tenants and collaborate with global corporations. The initiative, supported by the Selangor Information Technology and Digital Economy Corporation (SIDEC) and the state government, aims to position Malaysia as a pivotal player in the semiconductor industry.
In addition to the IC Design Park, Anwar highlighted efforts to enhance connectivity between Malaysia and major economies, citing the establishment of a city-to-city connection between Kuala Lumpur and Hangzhou. This initiative seeks to remove barriers related to capital, talent, and market access, thereby fostering greater success for businesses. Anwar emphasized Malaysia’s strategic positioning to lead in various sectors, including semiconductors, clean energy, agritech, and Islamic fintech, reaffirming the nation’s commitment to innovation and economic advancement.
