Malaysia's PM allocates $11.5M to boost Penang's semiconductor and AI industries, aiming for a tech hub.

Prime Minister of Malaysia, Anwar Ibrahim, has allocated RM50 million to the Penang Silicon Design @5km initiative to boost the state's semiconductor and AI industries. The project aims to make Penang a regional hub for integrated circuit design, create high-value jobs, and attract foreign investments. The launch includes the GBS TechSpace as a key research and incubation center.

3 months ago
4 Articles