Malaysia targets over US$100 billion in semiconductor industry investment

KUALA LUMPUR: Malaysia is targeted on not lower than 500 billion ringgit (US$107 billion) in investment for its semiconductor trade, Prime Minister Anwar Ibrahim mentioned on Tuesday (May perhaps perhaps presumably unprejudiced 28), because the Southeast Asian country appears to be like like to steal its map in the global supply chain.

Malaysia is a first-rate participant in the semiconductor trade, accounting for 13 per cent of global testing and packaging. It has attracted multi-billion dollar investments from main corporations in fresh times, at the side of Intel and Infineon.

Anwar mentioned the investment being sought would be for constructed-in circuit form, evolved packaging and manufacturing instruments for semiconductor chips.

Malaysia additionally needs to keep not lower than 10 native corporations in form and evolved packaging for semiconductor chips, with revenues between US$210 million to US$1 billion, Anwar mentioned in a speech at an trade match.

The Southeast Asian country will allocate US$5.3 billion in fiscal support to meet these targets, he added.

Anwar did not specify a timeline for the targets to be met.