US investment in Malaysia up sharply as trade row with China drags on

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Investments worth RM23.6 billion approved in first half of the year. FMTNews

US electronics companies such as Intel Corp and Dell Technologies Inc are among the major investors in Malaysia.

US and Chinese companies alike are looking at moving some of their manufacturing out of China to escape tit-for-tat tariffs imposed on each other’s products. The Malaysian Investment Development Authority , which shared the data on foreign private investments with Reuters, declined to name any company but said global firms were increasingly attracted to Malaysia for its stable business and political climate.

Malaysia already hosts manufacturing plants of US companies such as Intel Corp, Dell Technologies Inc and On Semiconductor Corp.

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