: More Malaysian companies should consider investing in the semiconductor industry and make the leap to position themselves in the front-end of the global semiconductor ecosystem, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.
“We have been a major player in the last 50 years and we now want to move up that value chain from back end to front end, but at the same time we also want more Malaysian companies to participate in the development of this ecosystem,” he said. “I think we should encourage more Malaysian companies to invest in this sector as well and MITI is actually engaging with local companies, investors, especially the government-linked investment companies, to see how they can participate as well,” he said on the sidelines of Industrial Take Off Year 2024 programme organised by Concorde Club at Wisma Bernama today.
He pointed out that Malaysia has seen favourable flows of capital and investments as a result of trade tensions between two superpowers, the United States and China.