Brazil at sweet spot for Malaysian semiconductor industry to de-risk supply chain

: The largest South American country Brazil is strategically located for Malaysian semiconductor industry’s “Plus One” strategy to de-risk their supply chain resiliency.

So, many Malaysian companies who want to look at Latin America, Central America and North America, this is where they can find synergies, said Tengku Zafrul, who is part of Prime Minister Datuk Seri Anwar Ibrahim’s contingent on an official visit here. On the other hand, Brazil’s semiconductor export value stands at US$1.2 billion with a competitive edge IC design.

Asked about the possibility of disruption from the change of President in the United States, Tengku Zafrul said: “So far we have not received any information. President-elect will be sworn in on Jan 20, 2025.” “Even though we don’t know yet, we have to always be ready and engage with multinational and local companies. It is still early days,” he said.

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Malaysia eyes RM6.8b in export potential over five years after PM Anwar’s Brazil business talksRIO DE JANEIRO (Brazil), Nov 19 — Prime Minister Datuk Seri Anwar Ibrahim’s inaugural visit to Brazil has generated export potential worth RM6.8 billion (US$1.57 billion) over...
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