Eyeing bigger slice of trillion-dollar chip industry

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Zahid said they planned to make it easier for new companies to set up shop in the country by offering various incentives.

He said tech parks, tax incentives and human capital development would make the target easy to achieve as Malaysia currently had a 7% market share.“Our country is additionally a major player in semiconductor assembly, test and packaging activities, with a market share of 13%.

Ahmad Zahid said they were planning to make it easier for new companies to set up shop in the country by offering various incentives. “We are committed to providing a conducive ecosystem to nurture local businesses through policies, programmes and facilitation to venture into new industries and markets.“It will be a huge boost for us if we can reach the market share of 15% by 2030,” he said.

“We are keen on expanding tech parks in Kulim, Glenmarie and Bagan Datuk, and ensuring 5G connectivity in these areas to woo more investors,” he added.

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