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Anwar, who is also the Finance Minister, said the matter was decided at the National Investment Council Meeting Number 3 of 2024, which he chaired, earlier today. “Rightly, this is important to attract the interest of various international semiconductor companies to establish high-quality semiconductor manufacturing facilities in Malaysia,” said Anwar through a post on his official Facebook page today.Anwar said the meeting, among other things, also examined the country’s current position and future prospects for the semiconductor industry, including support for various expansion proposals that had been submitted to the Prime Minister.
“This is a starting point for the Madani Government’s efforts to accelerate the development of KIGIP, which is seen as one of the main catalysts to attract green investments into the country.“Furthermore, the operation of KIGIP will be entirely generated with Renewable Energy in line with the country’s aspirations towards achieving carbon neutrality as early as 2050,” added Anwar.