![FILE PHOTO: Illustration picture of semiconductor chips](https://img.etimg.com/thumb/msid-110491845,width-650,height-488,imgsize-106380,resizemode-75/file-photo-illustration-picture-of-semiconductor-chips.jpg)
Malaysia is a major player in the semiconductor industry, accounting for 13% of global testing and packaging. It has attracted multi-billion dollar investments from leading firms in recent years, including Intel and Infineon.
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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