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Malaysian Prime Minister Anwar announced that the Ministry of Investment, Trade and Industry (MITI) will develop a comprehensive semiconductor strategic plan to ensure that the country continues to be the preferred investment destination for the semiconductor industry. This decision was made at the 3rd meeting of the National Investment Committee in 2024 chaired by him.
The plan will include more attractive incentives to strengthen strategic investments in high-tech semiconductors and encourage more front-end activities. The plan is in line with initiatives under the New Industrial Master Plan 2030 to attract international semiconductor companies to relocate or establish manufacturing facilities in Malaysia.
(Source: Bernama Image source: freepik)
