: Malaysia’s vibrant semiconductor industry has been the talk of the town of late as the country emerges as a new semiconductor powerhouse with the global spotlight on Penang.
It noted that there are more than 100 billion semiconductors in daily use around the world, but the supply chain is increasingly vulnerable because semiconductor manufacturing is highly concentrated.“In 2023, Penang attracted US$12.8 billion in foreign direct investment. More than in the previous seven years combined, Intel, for example, has invested US$7 billion in a new plant in Penang,” it noted.
Besides the WEF, major media also reported that Penang has in recent years won new chip sector investments from multinationals, including Lam Research, Infineon Technologies, Texas Instruments, Micron Technology, Bosch, Advanced Semiconductor Engineering and Intel.
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