GEORGE TOWN, July 29 — Penang has been receiving more inquiries from Chinese companies interested to invest here in the past year, said Penang Chief Minister Chow Kon Yeow.
He said it is possible that companies in China are cautious about bringing their investments outside their home country as it involved capital outflow. “China has a lot of such sub sector technologies that can enhance our ecosystems,” he said, explaining the sub sector included materials, interface, semiconductor and insulation layer.He said Chinese companies are keen to invest in Penang and Malaysia in many ways.
He said it is CEPEA’s hope to promote friendship and mutual collaboration between China and Malaysia and also other countries in the Asia Pacific region in the upcoming 2024 Asia-Pacific Semiconductor Summit and Expo. “They want to hold it here to broadcast to the world about China’s interests and to show their presence in the Asia Pacific,” he said.