5.6 Billion USD National Semiconductor Strategy
what
- Malaysia is amongst the top 10 semiconductor manufacturers in the world. Especially in back-end manufacturing processes, namely assembly, packaging, and test. Today, the semiconductor industry accounts for 25% of Malaysia’s GDP.
- The recent announcement of a 5.6 Billion USD National Semiconductor Strategy is a show of commitment by the Malaysian government to elevate its semiconductor prowess to a new height, by advancing its already robust OSAT and nurturing capabilities in chip design and wafer fabrication.
- According to the Semiconductor Quarterly Pulse Survey for 2Q2024 conducted by Malaysia Semiconductor Industry Association (MSIA), semiconductor companies are not only optimistic about short-term growth but also have a favorable investment outlook for 3Q2024, with 58% of respondents planning to invest in new technologies, expand into new markets and develop new products.
- Looking ahead to 3Q2024, a notable 60% of companies expressed optimism on semiconductor outlook, driven primarily by demand for consumer electronics, automotive advancements and artificial intelligence.
- The robust activity in the semiconductor sector has a cascading effect on the sub-value chain, which is primarily composed of Malaysian companies. To enhance their competitiveness and seize a larger market share, these companies are expanding their operations and extending their reach into upstream activities, which unveils substantial opportunities for collaboration with technology partners.
how
- The robust activity in the semiconductor sector has a cascading effect on the sub-value chain, which is primarily composed of Malaysian companies. To enhance their competitiveness and seize a larger market share, these companies are expanding their operations and extending their reach into upstream activities, which unveils substantial opportunities for collaboration with technology partners.
call to action
- Please contact steve.chai@business-sweden.se for more details.