PM launches National Semiconductor Strategy, outlines 5 targets

Free Malaysia Today

Anwar Ibrahim says the strategy is designed to foster collaboration with companies across Asean, Asia and the rest of the world.  Read More: https://www.freemalaysiatoday.com/category/nation/2024/05/28/pm-launches-national-semiconductor-strategy-outlines-5-targets/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #AnwarIbrahim #Semiconductor #Strategy #Launching

Transcript

00:00 Very, very recent, I requested, not requested, it was a polite term, I instructed, for a

00:10 strategic plan for Malaysia's semiconductor industry.

00:14 Today, thanks to my colleagues, particularly Miti, six weeks later, I am pleased to share

00:23 with you the salient features of Malaysia's national semiconductor strategy.

00:30 Firstly, on investments, we'll quote at least 500 billion ringgit of investments in Phase

00:38 1, with domestic direct investment focusing on IC design, advanced packaging and manufacturing

00:47 equipment, and FDI focusing on waterfaps and manufacturing equipment.

00:56 By Phase 2, we want to establish at least 10 Malaysian companies in design and advanced

01:02 packaging, with revenues between 1 to 4.7 billion ringgit, or 210 to 1 billion dollars,

01:12 and at least 100 semiconductor-related companies with revenues close to 1 billion ringgit,

01:20 210 billion dollars, a million dollars, creating higher wages for Malaysian workers.

01:27 Now, R&D Hub developed Malaysia as a global R&D Hub for semiconductors, featuring world-class

01:37 universities, corporate R&D, and centres of excellence, blending the very best of Malaysian

01:43 and international talent.

01:45 Training, train and upskill 60,000 high-skilled Malaysian engineers.

01:52 Fiscal support, allocate at least 25 billion ringgit, 5.3 billion dollars, in fiscal support

02:00 to operationalise the NSS with targeted incentives, details of which will be announced by Miti

02:06 soon.

Category

Transcript

Recommended