Malaysia aiming to become energy, chip making hub, PM says

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Malaysia aiming to become energy, chip making hub, PM says
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Guttenberg - star of 1984 comedy 'Police Academy' - was among those helping get people out of Pacific Palisades as the fire began spreading on Tuesday.

KUALA LUMPUR: Malaysia wants to leverage its location to become an energy and chip manufacturing hub this year, riding a recent jump in investments and a favourable outlook for the domestic economy, its premier and economic minister said on Thursday.

Prime Minister Datuk Seri Anwar Ibrahim said Malaysia's economy rebounded dramatically last year, spurred by an influx of strategic investments, most substantially in renewable energy and artificial intelligence infrastructure. He added inflation and the ringgit were stable and the stock market was the region's top performer.

Anwar said Malaysia will now aim to refine its expertise in oil and gas, semiconductors, and Islamic finance to become a global market leader in each field. "We are hoping that we can start producing made-by-Malaysia GPUs and chips in the next five to 10 years," he said.

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