KUALA LUMPUR: The Ministry of Investment, Trade and Industry (MITI) will draw up a comprehensive Semiconductor Strategic Plan to be certain that Malaysia continues to be the chosen funding vacation spot for this strategic trade, mentioned Prime Minister Datuk Seri Anwar Ibrahim.
Anwar, who can be the Finance Minister, mentioned the matter was determined on the National Investment Council (NIC) Meeting Number 3 of 2024, which he chaired, earlier as we speak.
Anwar mentioned the strategic plan will embrace a extra engaging incentive package deal to improve the inclusion of strategic investments in high-tech semiconductors, significantly to encourage extra front-end actions within the semiconductor trade in Malaysia.
“Rightly, that is essential to appeal to the curiosity of assorted worldwide semiconductor corporations to set up high-quality semiconductor manufacturing services in Malaysia,” mentioned Anwar by means of a put up on his official Facebook web page as we speak.
Anwar mentioned the assembly, amongst different issues, additionally examined the nation’s present place and future prospects for the semiconductor trade, together with help for numerous growth proposals that had been submitted to the Prime Minister.
“The assembly additionally mentioned the proposal for the event of the Kerian Integrated Green Industrial Park (KIGIP) and agreed that it must be applied as a three way partnership by the government-linked funding firm (GLIC) in collaboration with the federal authorities and the Perak authorities.
“This is a place to begin for the MADANI Government’s efforts to speed up the event of KIGIP, which is seen as one of many essential catalysts to appeal to inexperienced investments into the nation.
“Furthermore, the operation of KIGIP might be completely generated with Renewable Energy (RE) consistent with the nation’s aspirations in direction of attaining carbon neutrality as early as 2050,” added Anwar.
Meanwhile, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz by means of a separate put up on his Facebook web page mentioned the strategic plan to be launched is consistent with the initiatives beneath the New Industrial Master Plan 2030 (NIMP 2030).
“NIMP 2030 units investments in wafer fabrication actions as one of many tasks to additional strengthen Malaysia’s place as a serious participant within the semiconductor sector within the area,” he mentioned.
Tengku Zafrul mentioned the strategic plan that might be drawn up is essential to appeal to the curiosity of assorted worldwide semiconductor corporations to switch or set up their respective high-quality semiconductor manufacturing services to Malaysia.
