Malaysia's semiconductor industry in Penang attracts major players, leading to a record US$12.8bn FDI in 2023.
Malaysia's semiconductor industry, with Penang emerging as a new powerhouse, attracts major players like Intel, Infineon, Texas Instruments, and others, leading to a record US$12.8bn in foreign direct investments in 2023, more than the previous seven years combined. Penang Chief Minister Chow Kon Yeow sees this as a catalyst for Malaysia to move up the semiconductor chip value chain, aiming for a high-income status with bold, innovative ideas from both foreign firms and local tech startups.
April 12, 2024
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