Consider investing in semiconductor industry, local companies urged

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KUALA LUMPUR: More Malaysian companies should consider investing in the semiconductor industry and make the leap to position themselves in the front-e...

Tengku Zafrul at the Concorde Club Industrial Take Off Year 2024 at Wisma Bernama today. Also present is Malaysian National News Agency chairman Datuk Seri Wong Chun Wai . – Bernamapic

“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. Tengku Zafrul said Miti is working on institutionalising the process and invite local businesses to invest in the sector.

The news report further said that manufacturers in Malaysia are harnessing the chance to upscale their operations and extend their global market footprint as rival manufacturers from the two global powerhouses face constraints.

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