US-China tech impasse opens up opportunities for Malaysia, says Zafrul

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US-China tech impasse opens up opportunities for Malaysia, says Zafrul
OpportunitiesElectrical And ElectronicsRenewable Energy
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SINGAPORE: All eligible adult Singaporeans will receive a one-off special payment amounting to between S$200 and $400 in September 2024 to help with the rising cost of living.

KUALA LUMPUR: The standoff between the United States and China presents opportunities for Malaysia ’s electrical and electronics and renewable energy sectors, says Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

“This is why we introduced the National Semiconductor Strategy to move our semiconductor producers up the global value chain for us to export more higher-value products,” he said in his keynote address at PRAXIS 2024 here on Tuesday . He added that a proposal to establish an Integrated Digital Platform consisting of a Supply Chain Intelligent Management System, Business Continuity App and Virtual Centre of Excellence, was also presented to the National Investment Council on Tuesday.

He added that between 2021 and Q1 this year, the realisation rate of approved investments stood at about 80%. “I am equally proud to share that for the first half of 2024, our total trade reached RM1.4 trillion, the highest ever for the period.

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Opportunities Electrical And Electronics Renewable Energy Semiconductors Standoff China United States Investment Trade And Industry Minister Tengku Zafrul Tengku Abdul Aziz PRAXIS 2024 Isis Malaysia Dr Mohd Faiz Abdullah

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