News Formal

Malaysia PM says targeting over $100 billion in investment for semiconductor chips

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Explore stories from Atlantic Canada.

KUALA LUMPUR - Malaysia is targeting at least 500 billion ringgit in investments for integrated circuit design, advanced packaging and manufacturing equipment for semiconductor chips, Prime Minister Anwar Ibrahim said on Tuesday.

Malaysia wants to establish at least 10 local companies in design and advanced packaging for semiconductor chips, with revenues between $210 million to $1 billion, Anwar said in a speech at an industry event.The Southeast Asian country will allocate $5.3 billion in fiscal support to meet these targets, Anwar said at the event in Kuala Lumpur.It has been our privilege to have the trust and support of our East Coast communities for the last 200 years.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Malaysia Ex-Premier’s Son Plans $100 Million Africa InvestmentMirzan Mahathir, the son of former Malaysian Prime Minister Mahathir Mohamad, intends to invest $100 million in a cement factory in South Sudan.
Source: BNNBloomberg - 🏆 83. / 50 Read more »