Alike other Southeast Asian nations seeking to strengthen their position in the global supply chain of semiconductors, Malaysia is aiming to attract at least 500 billion ringgit (US$107 billion) in investment for its semiconductor sector, Prime Minister Anwar Ibrahim stated lately.
With 13% of the world’s testing and packaging done in Malaysia, the tourist destination has also become a significant participant in the semiconductor business. Leading companies, including as Intel and Infineon, have invested billions of dollars on it in recent times.
According to Anwar, the money will be used for sophisticated packaging, integrated circuit design, and semiconductor chip production machinery.
Anwar stated at an industry event that Malaysia aspires to create at least ten indigenous enterprises in the design and sophisticated packaging of semiconductor chips, with annual sales ranging from US$210 million to US$1 billion.
In order to reach these goals, the Southeast Asian nation would provide US$5.3 billion in budgetary support, he continued.
Anwar did not provide a deadline for achieving the goals, according to CNA.