: The country’s clear economic policies and political stability were key factors that prompted global semiconductor company Infineon Technologies AG to announce an additional investment of RM30.1 billion yesterday, said Prime Minister Datuk Seri Anwar Ibrahim.
The RM30.1 billion investment will fund Phase 2 of Infineon’s 200-millimeter silicon carbide power semiconductor fabrication facility in Kulim, Kedah, which is also the world’s largest. To this end, the Prime Minister emphasised the need for universities to ensure a sufficient supply of skilled talent.
At the same time, Malaysia should also compare its performance with those of its regional peers to enhance business facilitation and competitiveness, said Anwar, noting that the country is still lagging in certain areas such as investment approvals.