Miti: Semiconductor industry offers Malaysia chance for exponential growth

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Ministry Of Investment News

Trade And Industry Miti,Semiconductor Industry,Malaysia Economy

BATU KAWAN, May 7 — The semiconductor industry presents Malaysia with a ‘once-in-a-generation’ opportunity for exponential economic growth and industry players are advised...

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Deputy Investment, Trade and Industry Minister Liew Chin Tong said the government is paying close attention to the semiconductor industry, heralding it as the modern equivalent of oil, with a global value estimated at US$580 billion this year, projected to reach US$1 trillion by 2030.“We believe Penang, Kulim, and Malaysia in general are playing important roles in this sector,” he said in his speech at the opening ceremony of LAM Research’s automated warehouse, here.

Nasdaq-listed Lam Research Corp, a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry, officially opened its new automated warehouse today.

 

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