The Silicon Valley of the East, or Penang, is a main hub for semiconductor production.
It is home to numerous high-tech companies, development centers, and research centers, and it has already attracted billions of dollars in funding from companies like Texas Instruments, Intel, Infineon, and Lam Research.
” Any tax scheme that the US imposes should acknowledge the fact that their own people will also be affected,” Chow said.
The chief minister expressed his hope an ASEAN-US summit can be held in Malaysia or the US as soon as possible because Malaysia is currently the chair of the Association of Southeast Asian Nations ( ASEAN ) this year.
To reduce the impact of US proposed tariffs and limits on the semiconductor industry, this may help helpful discussions and discussions with authorities.
Market participants hoped any levies from the United States would be just and equitable.
We don’t know what Trump will do because, according to Wong Siew Hai, president of the Malaysia Semiconductor Industry Association,” we are all equal 25 % so we compete,” if he slaps a tariff of, say, 25 % worldwide to all semiconductor companies or countries.
” But if some nations are 25 %, some are 10 %, and of course, if we are 10 %, we will have a big advantage.”