Malaysia is making a bold move to strengthen its position in the global semiconductor supply chain this year.
- Malaysia, as a veteran player in semiconductor manufacturing, is now aiming to transform into a global powerhouse in the industry.
- To support this ambition, Malaysia has introduced a comprehensive National Semiconductor Strategy (NSS), backed by a substantial investment of US$5.3 billion.
- This strategic initiative is designed to capitalize on the increasing global demand for semiconductors, positioning Malaysia as a critical contributor to the industry's growth.
- The surge in demand for advanced chips, driven by the proliferation of artificial intelligence (AI) and the Internet of Things (IoT), has presented a golden opportunity for Malaysian semiconductor industry.
- Malaysia is further aiming to move up the value chain, focusing on advanced packaging, chip design, and specialized manufacturing equipment.
- The government is prioritizing the development of a skilled workforce to meet the industry's growing needs.
- Industry experts believe that Malaysia's strong foundation in semiconductor manufacturing, coupled with the government's ambitious plans, positions the country to become a key player in the global semiconductor landscape.
- On the global stage, Malaysia is recognised as the sixth largest exporter of semiconductors, commanding 13% of the global market for semiconductor packaging, assembly and testing while driving 40% of the nation’s export output.
- Neighbouring countries such as Singapore, Vietnam and Indonesia have been aggressively positioning themselves as new semiconductor hubs in the region by offering attractive incentives to investors.
- Additionally, Malaysia is grappling with significant challenges, including shortages of skilled talent and disruptions in the supply chain. These issues remain considerable obstacles to the country's growth in the semiconductor sector.
- As Malaysia strives to achieve its semiconductor ambitions, the world will be watching to see if this Southeast Asian nation can successfully navigate the complexities of the global semiconductor industry and emerge as a true technological powerhouse.
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