As the Southeast Asian country looks to enhance its position in the global supply chain, Prime Minister Anwar Ibrahim announced that Malaysia is trying to obtain at least 500 billion ringgit ($107 billion) in investment for its semiconductor sector.
Prime Minister Anwar Ibrahim stated on Tuesday that Malaysia is aiming to get at least 500 billion ringgit ($107 billion) in investment for its semiconductor sector as the Southeast Asian nation seeks to strengthen its position in the world supply chain.
Malaysia is a significant participant in the semiconductor sector, handling 13% of the testing and packaging done worldwide. Leading companies have invested billions of dollars in it in recent years, such as Intel (INTC.O.) and Infineon (IFXGn.DE).
According to Anwar, the money would be used for sophisticated packaging, integrated circuit design, and semiconductor chip manufacturing machinery.
In a speech at an industry event, Anwar stated that Malaysia aspires to build a minimum of ten indigenous enterprises specializing in sophisticated packaging and design for semiconductor chips, with an estimated revenue range of $1 billion to $210 million.
In order to reach these goals, the nation in Southeast Asia will provide $5.3 billion in fiscal support, he continued.
Anwar did not provide a deadline for achieving the goals.
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