are increasingly pushing global businesses to seek locations outside of China.
Malaysia attracted RM71.4 billion in approved investments in the first quarter of 2023, up 67 per cent from a year earlier, according to the Malaysian Investment Development Authority. Malaysia caters to about 13 per cent of the world demand for chip testing and packaging, and what Mr Zafrul estimated as a quarter of US chip-testing and assembly needs.
Trade tensions have stemmed from the US’s effort to clamp down on China’s access to critical semiconductor technology and export controls.
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