COVID–19 NEWS   Owners of premises in buildings allowed to determine protocol on wearing of face mask at their venue - Johor Exco | Italy greenlights Omicron-adapted COVID-19 booster shots | New COVID-19 cases down 16.9 pct last week | Japan to simplify COVID-19 airport quarantine procedures | EMA endorses Omicron-adapted COVID-19 vaccines | 

Malaysia has a preferable ecosystem to attract more semiconductor investments

27/07/2022 04:38 PM

KUALA LUMPUR, July 27 (Bernama) -- The Malaysia Semiconductor Industry Association (MSIA) said Malaysia has a preferable ecosystem and talent pool to attract more foreign direct investment into the industry.

Its president Datuk Seri Wong Siew Hai said the industry saw investment inflows in the past few years because the country has established a strong global automation hub, noting that the Malaysian Investment Development Authority (MIDA) has done a fantastic job in attracting these semiconductor companies to invest here.

“(It is) not just the ecosystem itself; we have the right infrastructure including engineers, contractors and architects (who are able) to build factories to international standards,” he said during a panel discussion “Semiconductor Powering Modern World” at Nomura Asset Management's Global Shariah Semiconductor Equity Fund launch here today.

Wong said the recent deals in the United States are positive developments to strengthen the semiconductor supply chain's resilience.

The industry is experiencing high growth with digital transformation and emerging technologies to meet the increasing demand for semiconductors.

“A more resilient and flexible semiconductor supply chain will allow the industry to manage market volatility much better,” he said.

The electrical and electronics (E&E) industry received the most investment opportunities in 2021 with 94 approved projects worth RM148 billion creating 28,362 job opportunities.




Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9).

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter :, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2022 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy