Chow says engineering talent is required not only in research and development but also in advanced manufacturing.While planning and preparing to localise the semiconductor industry, Malaysia needs to ensure the country has an adequate number of advanced engineering talent, said Arthur D. Little Southeast Asia principal Daniel Chow.
“ADL believes that the government needs to offer a range of incentives, including subsidies, tax exemptions, visa waivers and other benefits. This will enable Malaysia to compete on an equal footing with other countries that are also implementing similar measures to localise the supply chain,” Chow said.
“Malaysia is demonstrating its dedication to realising its chip ambitions, with significant efforts from the NSS, committing RM25 billion to advance aspects of the three-phase plan,” he added.