Liew Chin Tong on a visit to India said Malaysia is keen to be part of “India’s semiconductor story”.
: Malaysia is looking for “structured engagement” with India in the latter’s pursuit of a viable semiconductor manufacturing industry.
Its semiconductor market is projected to grow to US$109 billion by 2030 from US$38 billion in 2023 as per industry estimates. “Through them we have already developed a robust Malaysian supply chain. We think this is where we can work together with India,“ Liew said. “For a long time the semiconductor sector has been treated as foreign direct investment, but we have not put emphasis on growing Malaysian innovation and capability,“ he said.
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