Malaysia needs to develop and attract investments with advanced technology and talents, Wong said.
KUALA LUMPUR: The Malaysia Semiconductor Industry Association (MSIA) feels that the National Semiconductor Strategic Task Force (NSSTF) needs to develop more strategies and policies to enhance the electrical and electronics (E&E) ecosystem to move up the value chain in strategic areas.
This is to allow the country to determine the path of the domestic semiconductor sector, said MSIA president Datuk Seri Wong Siew Hai, adding that all stakeholders need to be involved.
He said MSIA is looking forward to contributing to the NSSTF as has been established at the appropriate time amid the current hyper-competitive environment.
“Given the contribution of the E&E industry to the Malaysian economy and Malaysia’s critical role in the global supply chain, all stakeholders must work together to maximise Malaysia’s full potential in this industry.
“Malaysia can do it, with the 50 years of industrial experience, its talent pool and the collective effort of all stakeholders,” he said.
He added that Malaysia needs to develop and attract investments with advanced technology and talents.
The establishment of the NSSTF is to ensure that investments in the country will achieve the Madani Economy’s objectives, including placing Malaysia in the world’s top-30 largest economies, and the top-12 in terms of global competitiveness within 10 years, Prime Minister Datuk Seri Anwar Ibrahim said in January.
The nation aims to achieve the goals by focusing on greater regionalisation and competitiveness and moving up the value chain. — Bernama
