Malaysia's PM Anwar Ibrahim plans to build a semiconductor design park in Selangor state to boost the country's role in the global chip industry.

Malaysia's Prime Minister Anwar Ibrahim has announced plans to build a massive semiconductor design park in Selangor state, aiming to boost the Southeast Asian nation's role in the global chip industry. The country, known for its established presence in the semiconductor industry, accounts for approximately 13% of global back-end manufacturing. The proposed integrated circuit design park is part of Malaysia's efforts to move beyond backend chip assembly and testing, and into high-value front-end design work.