KUALA LUMPUR: Malaysia needs to ship RM1.2 trillion worth of semiconductor exports by 2030 to maintain its position as the sixth largest exporter in t...
Malaysia needs to ship RM1.2 trillion worth of semiconductor exports by 2030 to maintain its position as the sixth largest exporter in the world.
“To achieve this growth, Malaysia will need to focus on improving its capabilities across the semiconductor value chain, including advanced packaging, integrated circuit design, and smart manufacturing,” he said in a fireside chat at Tech in Asia Conference 2024 recently. The government, Wong said, needs to allow the strategy of using other countries’ talent in bridging the gap of the industry’s talent shortages. “The government should try to get all foreigners who study in Malaysia, especially in science and engineering, to continue working in Malaysia. This is under consideration and MSIA is hopeful to hear some positive news.”
“Providing funding, mentorship, and other support for local startups and small and medium enterprises will be essential in building a stronger indigenous semiconductor industry. Such measures are critical for fostering innovation and ensuring the industry’s sustainability.
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