Chip industry to grow in long term - MIDA | Malaysian Investment Development Authority
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Chip industry to grow in long term

Chip industry to grow in long term

28 Apr 2023

The semiconductor industry is expected to grow in the long term, driven by the demands arising from emerging technologies and the global digital transformation, as well as the reopening of major economies such as China.

Early this month, Malaysia secured a record RM170bil worth of investment commitments from China from 19 memoranda of understanding sealed between businesses in the two countries.

Malaysia Semiconductor Industry Association president Datuk Seri Wong Siew Hai said Malaysia needs to continue to enhance its electrical and electronics ecosystem and seize the opportunities arising from the US-China geopolitical conflict. In particular, the country needs to attract foreign direct investment in wafer fabrication facilities and leading-edge technologies, he told Bernama.

Meanwhile, Goon Koon Yin, chief executive officer of TT Vision Holdings Bhd (an inspection equipment provider in the semiconductor industry), forecast an investment upcycle among domestic manufacturers in China following the reopening of their country’s borders that helped boost business confidence.

“There will be more businesses and project delivery will be expedited,” he said.

Source: The Star