Malaysia’s new found oil – Semiconductor

The trade and technology competition between China and the United States in the semiconductor industry has benefited Malaysia. Multinational semiconductor companies are diversifying their supply chains, leading to increased investment in Malaysia. Established companies like Intel and Infineon are expanding their operations in the country.

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This is a summary of the Deputy Investment, Trade and Industry (MITI) Minster Liew Chin Tong’s replies in the Dewan Rakyat today (Mar 26) to Datuk Ahmad Amzad Mohamed@Hashim’s [ Kuala Terengganu ] question on the Ministry’s plan to position the country’s electrical and electronics (E&E) industry as the main hub of semiconductor production to take advantage of the competition between the United States and China in the ‘Chip War’.

Malaysia and the semiconductor industry

Our mature semiconductor ecosystem, especially in Penang and Kulim, positions it as a key investment destination. The government aims to leverage this opportunity to develop a high value-added semiconductor industry, creating high-skilled job opportunities. The New Industrial Master Plan (NIMP) 2030 supports efforts to increase investment in the semiconductor value chain. Malaysia aims to become a global player in IC design and wafer fabrication.

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The Malaysian Investment Development Board (MIDA) approved significant investments in the electrical and electronics (E&E) industry in 2023, contributing significantly to exports. The government established the National Semiconductor Strategic Task Force (NSSTF) to drive semiconductor industry development, focusing on incentives, talent, and ecosystem issues.

The government is committed to developing the semiconductor industry, recognizing its strategic importance for the country’s economic growth.