Malaysia is concentrating on a minimum of 500 billion ringgit (USD 107 billion) in funding for its semiconductor business, Prime Minister Anwar Ibrahim stated on Tuesday, because the Southeast Asian nation seems to be to spice up its place within the world provide chain.
Malaysia is a significant participant within the semiconductor business, accounting for 13% of worldwide testing and packaging. It has attracted multi-billion greenback investments from main companies lately, together with Intel and Infineon.
Anwar stated the funding being sought can be for built-in circuit design, superior packaging and manufacturing gear for semiconductor chips.
Malaysia additionally desires to ascertain a minimum of 10 native corporations in design and superior packaging for semiconductor chips, with revenues between USD 210 million to USD 1 billion, Anwar stated in a speech at an business occasion.
The Southeast Asian nation will allocate USD 5.3 billion in fiscal assist to fulfill these targets, he added.
Anwar didn’t specify a timeline for the targets to be met.
