Malaysia’s economic and political stability is helping Taiwanese IT firms to use it as the gateway to expand to the broader Asean markets, according to Taiwan Institute for Information Technology director of International Cooperation Jose Cheng.“Malaysia is a very important partner for Taiwanese companies.
To assist Malaysia’s semiconductor industry, he highlighted that Taiwan is a major player in the semiconductor hardware industry, with companies like Taiwan Semiconductor Manufacturing Company Ltd and other semiconductor giants producing 80% of the world’s semiconductors. “Many Taiwanese companies have moved their operations to nearby countries due to the US-China trade war, establishing factories in Malaysia, Vietnam, and the Philippines. The Taiwanese companies moving out of China also need software to manage their factories, companies, and workforce. We encourage our software companies to go overseas and tap into the local market. That’s the reason behind our efforts,” he explained.
“Although not yet confirmed internally, in the near future there can be an opportunity for Taiwan and Malaysia to cooperate in the semiconductor industry,” said Cheng.
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