PETALING JAYA: The local semiconductor industry stands to benefit from the impact of US restrictions against China, says Malaysia Semiconductor Industry Association president Datuk Wong Siew Hai.
“Many US companies are also restricted from purchasing from China, creating a need for alternative solutions, which is where the China Plus One strategy comes into play,” he added.
Wong noted that a similar shift is occurring with the US Plus One and Europe Plus One strategies.
“As a result, many products that were previously manufactured in China for global markets have been relocated to Malaysia.
“Similarly, restrictions on semiconductor equipment have created supply chain gaps, which Malaysia has been able to fill,” he said. He shared that some supply chain components previously sourced from China are now restricted, creating opportunities for Malaysia.” –– Bernama
