Semiconductor industry offers chance for growth

Deputy Investment, Trade and Industry Minister Liew Chin Tong.

BATU KAWAN: The semiconductor industry presents Malaysia with a “once-in-a-generation” opportunity for exponential economic growth and industry players are advised to capitalise on this billion-dollar sector.

Deputy Investment, Trade and Industry Minister Liew Chin Tong said the government is paying close attention to the semiconductor industry, heralding it as the modern equivalent of oil, with a global value estimated at US$580bil this year, projected to reach US$1 trillion by 2030.

“Every part of our lives is increasingly connected to semiconductors, whether it’s our phones, cars, or smart cities.

“We believe Penang, Kulim and Malaysia in general are playing important roles in this sector,” he said in his speech at the opening ceremony of LAM Research’s automated warehouse, here.

Liew emphasised the necessity for collaborative efforts to establish a dynamic, secure, and resilient semiconductor supply chain in Malaysia, one not easily replaceable by other global counterparts.

He referenced Prime Minister Datuk Seri Anwar Ibrahim’s directive for the ministry to formulate a strategic plan for the semiconductor industry.

Expressing optimism, Liew encouraged industry players to collaborate with the government, aiming to establish Malaysia as an exceptional destination for semiconductor production.

Nasdaq-listed Lam Research Corp, a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry, officially opened its new automated warehouse yesterday.

The facility complements Lam’s manufacturing operations in Malaysia, which is home to the company’s largest manufacturing facility. — Bernama

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