GEORGE TOWN, Oct 4 — Malaysia must further develop its electrical and electronics (E&E) sector to fully capture the benefits of a surge in approved investments related to their...
Malaysia’s E&E products and sector play a pivotal role in global semiconductor supply chains, having developed its local industry and ecosystem over the past five decades, said Socio-Economic Research Centre executive director Lee Heng Guie.
This opens up potentials for the country to move up the E&E value chain to attract high value investments, create jobs, and raise salary levels that have remained stagnant. As outlined in the New Industrial Master Plan 2030, he said the E&E sector was identified as one of the high-growth, high-value industries .
Lee said the development of high value and high growth industries in Malaysia will increase demand for skilled manpower, which then leads to better wages and compensation for Malaysian employees. The approved investments by Texas Instruments, that totalled RM7.4 billion, was in semiconductor devices and high-performance integrated analogue circuits.
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