Malaysia’s semiconductor industry will receive more than $100bn (RM467bn) in investment towards manufacturing equipment and integrated circuit design.
Malaysian Prime Minister Anwar Ibrahim stated that the investment would go towards boosting the country’s position in the global chip supply chain.
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The country’s government has already allocated around $5.3bn towards meeting these goals, but Anwar did not give a timeframe for the full amount to be invested.
Anwar also stated that Malaysia hoped to found at least ten design and advanced packaging chip companies with a $200m to $1bn revenue.
AI chips are predicted to account for nearly 30% of the global chip market by 2030 according to research from research and analysis company GlobalData.
Malaysia stated that it currently accounts for 13% of chip testing and packaging worldwide.
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By GlobalDataIn its thematic intelligence report into next-generation chips, GlobalData noted that the Asia-Pacific region dominated global chip production.
In 2022, the Asia-Pacific region recorded a chip revenue of $371bn.
In comparison, the US only achieved a revenue of $141bn in the same period, accounting for less than a quarter of global semiconductor revenues.
Looking ahead, GlobalData forecasts that the Asia-Pacific region will continue to dominate global chip production, catalysed by growing interest in AI technology and chips.
