Malaysia targets over $100 billion in semiconductor industry investment
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Reuters
Synopsis
Malaysia aims for $107 billion investment in its semiconductor industry, led by Prime Minister Anwar Ibrahim, targeting design, packaging, and manufacturing. The country is a key player globally, attracting major investments from firms like Intel and Infineon.
By Reuters
Last Updated:
Malaysia is targeting at least 500 billion ringgit ($107 billion) in investment for its semiconductor industry, Prime Minister Anwar Ibrahim said on Tuesday, as the Southeast Asian country looks to boost its position in the global supply chain.
Anwar said the investment being sought would be for integrated circuit design, advanced packaging and manufacturing equipment for semiconductor chips.
Malaysia also wants to establish at least 10 local companies in design and advanced packaging for semiconductor chips, with revenues between $210 million to $1 billion, Anwar said in a speech at an industry event.
The Southeast Asian country will allocate $5.3 billion in fiscal support to meet these targets, he added.
Anwar did not specify a timeline for the targets to be met.
($1 = 4.6910 ringgit)
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Malaysia also wants to establish at least 10 local companies in design and advanced packaging for semiconductor chips, with revenues between $210 million to $1 billion, Anwar said in a speech at an industry event.
The Southeast Asian country will allocate $5.3 billion in fiscal support to meet these targets, he added.
Anwar did not specify a timeline for the targets to be met.
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($1 = 4.6910 ringgit)