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BUSINESS

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

 

 


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