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.
CONTACT US
For more information contact Steve Chai at steve.chai@business-sweden.se.