Tengku Zafrul: Malaysian firms should consider investing in semiconductor industry to make the leap in value chain

PM Anwar affirms federal govt's obligation in fulfilling state allocations after PAS-led Terengganu accuses Putrajaya of 'cruelty' for oil payment arrearsDatuk Seri Tengku Zafrul Abdul Aziz says 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.

“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.He said Malaysia has strengths in both the digital and green economies. While Malaysian companies play a big role in renewable energy, there is the need for improvement in the digital economy, namely in data centres.

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