Penang, Malaysia, once dubbed the Silicon Valley of the East, is on a mission to reclaim its tech hub status. The state aims to become a key player in the front-end chip manufacturing supply chain, aligning with Malaysia’s semiconductor strategy to attract over US$115 billion in investments by 2030.
Traditionally focused on back-end activities, Malaysia is now investing heavily to advance its semiconductor industry. With over US$5.6 billion earmarked for this purpose, the country is striving to move up the value chain and strengthen its global semiconductor position.
Penang, home to 350 multinational corporations, has already secured significant investments from industry giants like Intel, Infineon, and Texas Instruments. The state’s strategic location and established infrastructure make it an attractive destination for semiconductor companies looking to expand.
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