GEORGE TOWN, August 16 – Penang Chief Minister Chow Kon Yeow, accompanied by InvestPenang delegates, has successfully completed a 10-day investment and trade mission to the United States from 4th to 14th August 2024. The mission aimed to strengthen ties with American investors, promote the expansion of their Penang operations, and attract new investments to the state.
Key discussions during the trip highlighted the impact of Artificial Intelligence (AI) and the urgent need for renewable energy, reinforcing Penang’s strategic role in the global supply chain. The delegation presented two major initiatives: Penang Silicon Design @5km+, a hub for IC design startups, and the Penang STEM Talent Blueprint, aimed at building a skilled STEM workforce.
The mission included 22 strategic meetings and site visits across San Jose, Seattle, San Diego, and Los Angeles, engaging with both existing and potential investors. This successful mission is expected to further solidify Penang’s position as a hub for innovation and technological advancement.
