KUALA LUMPUR, May 31 ― Prime Minister Datuk Seri Anwar Ibrahim is poised to unveil pivotal initiatives aimed at propelling Malaysia’s semiconductor industry to new heights, according to Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz. Speaking at the SEMICON Southeast Asia 2024 expo launch, Tengku Zafrul emphasized the significance of semiconductors in the global value chain and Malaysia’s strategic position within it.
He highlighted Malaysia’s potential to become a regional manufacturing hub, supported by recent attention from major electronics companies like Intel and Infineon. Tengku Zafrul outlined Malaysia’s comprehensive strategy, which includes enhancing logistics infrastructure with a RM1.5 billion expansion of the Penang International Airport and establishing a National Semiconductor Strategic Task Force. These efforts aim to boost incentives, talent, and other critical elements necessary for industry growth.
He also pointed to Malaysia’s strong value proposition, which encompasses world-class manufacturing facilities, innovative R&D centers, a highly skilled workforce, and attractive incentives, all of which position the country to capitalize on the impending tech revolution driven by artificial intelligence.
