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Top related persons:
Faris Hadziq - 2 Amir Hamzah Azizan - 1 Karen Tso - 1 Amir Hamzah - 1 Kenddrick Chan - 1 Aik Kean Chong - 1 Intel's - 1 Tan - 1
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KUALA LUMPUR MALAYSIA Malaysia Kuala Lumpur South East Asia China Washington
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Getty Images - 1 Getty - 1 Malaysia - 1 LSE - 1 London School of Economics - 1 Political - 1 Semiconductors - 1 Intel - 1

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☆ Malaysia is unfazed by China, U.S. semiconductor competition, minister says
  + stars: | 2024-04-18 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +1 min
KUALA LUMPUR, MALAYSIA - 2018/01/24: A foreigner is seen with a Malaysia flag as a background. Kuala Lumpur or commonly known as KL is the national capital for Malaysia and is the fastest growing metropolitan regions in South-East Asia. (Photo by Faris Hadziq/SOPA Images/LightRocket via Getty Images)Malaysia isn't fazed about competition from China or the U.S. as it pushes into higher-end semiconductor manufacturing, according to the country's second finance minister. "We're seeing a lot of end users now diversifying their supply chain. Our focus, actually, is to provide a very vibrant, strong supply chain connectivity, and make sure that we ride on that."
Persons: Faris Hadziq, Amir Hamzah Azizan, Karen Tso, Amir Hamzah Organizations: Getty Images Locations: KUALA LUMPUR, MALAYSIA, Malaysia, Kuala Lumpur, South, East Asia, China, Washington
☆ Malaysia emerges as a hotspot for semiconductor firms amid U.S.-China chip tensions
  + stars: | 2024-04-04 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com   time to read: +5 min
American chip giant Intel in December 2021 said it will invest more than $7 billion to build a chip packaging and testing factory in Malaysia, with production expected to begin in 2024. Malaysia holds 13% of the global market for chip packaging, assembly and testing services, said the Malaysian Investment Development Authority in a Feb. 18 report. Exports of semiconductor devices and integrated circuits increased by 0.03% to 387.45 billion Malaysian ringgit ($81.4 billion) in 2023, amid global chip demand weakness. Malaysia Semiconductor Industry Association president Datuk Seri Wong Siew Hai said many Chinese firms diversified some of their production to Malaysia, calling the country China's "plus one." In the same month, the world's largest contract chip maker TSMC opened its first Japan factory as it diversifies away from Taiwan amid U.S.-China tensions.
Persons: Faris Hadziq, Kenddrick Chan, Aik Kean Chong, Intel's, Tan, Yinglan Tan, Datuk Seri Wong Siew Hai, Zafrul Aziz, TSMC, Ann Lim Organizations: Getty, Malaysia, LSE, London School of Economics, Political, Semiconductors, Intel, CNBC, Infineon, Ventures Partners, Malaysian Investment Development Authority, Malaysian, Malaysia Semiconductor Industry, U.S ., U.S, China -, Partnership Locations: KUALA LUMPUR, MALAYSIA, Malaysia, Kuala Lumpur, South, East Asia, China, U.S, American, Penang, Another U.S, Singapore, Europe, Kong, GlobalFoundries Singapore, Klang, India, Japan, Taiwan, South Korea, Washington, Asia, China - U.S
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