MIDF Research foresees sanguine outlook for the industry amid NIMP 2030 strategies.
Via NIMP 2030, Malaysia will explore high-end segments of the semiconductor supply chain, namely integrated circuit design and wafer fabrication.
In a statement, MIDF Research said this would be aided by no further tightening of monetary policy in major economies and better progress in China’s economic recovery as stimulus measures start to kick in, the research house said. “Apart from semiconductors, we noticed electrical switcher relays and circuits, electrical power machinery and electro-medical equipment increased by 3.1%, 25.8% and 7.8% y-o-y, respectively, in nine months,” it said.
The research firm also expects the ratio to reach a higher point in later years as guided by the New Industrial Master Plan 2030 strategies.