Malaysia aspires to be E&E hub despite escalating US-China tech war
Minister of International Trade and Industry Datuk Darell Leiking has assured that Malaysia will remain neutral and continue to aspire to be the hub for E&E. — Bernama file pic
Minister of International Trade and Industry Datuk Darell Leiking has assured that despite the ongoing tech and trade war between the two countries, Malaysia will remain neutral and continue to aspire to be the hub for E&E as well as other businesses. The minister explained that investment data for the first quarter of 2019 by the Malaysian Investment Development Authority shows an increase of 3.1 per cent to RM53.9 billion from RM52.3 billion recorded in the same period last year.
In response to the tech war that has started to affect the E&E sector, he said local players need to step up to fill the void left by foreign players, as Malaysia has undergone technology transfer besides having a skilled workforce. Broadcom Inc, which is involved in designing, developing, manufacturing and supplying a broad range of semiconductor and infrastructure software solutions as well as providing components for 5G, has a global distribution warehouse in Penang.
“It is in our best interest that the tech war stays at bay and does not affect the local E&E sector. However on the brighter side, the local E&E sector would have the chance to fill the demand for chips needed by Huawei,” he said.
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