Prime Minister Anwar Ibrahim stated on May 28 that Malaysia is planning to invest at least 500 billion ringgit ( US$ 107 billion ) in its semiconductor industry as it strengthens its position in the global supply chain.
Malaysia is a key player in the semiconductor economy, accounting for 13 per cent of global assessment and presentation. In recent years, leading companies like Intel and Infineon have attracted multi-billion money purchases from them.
Anwar claimed that the investment being sought would be for semiconductor chips ‘ developed package, manufacturing equipment, and integrated circuits style.
Malaysia wants to establish at least 10 regional businesses with incomes ranging from US$ 210 million to US$$ 1 billion, Anwar said in a conversation at an industry event.
According to him, the Southeast Asian nation will provide US$ 5.3 billion in fiscal help to accomplish these goals.
Anwar did not give a deadline for the achievement of the goals.