Miti to draw up comprehensive semiconductor strategic plan, says PM

 

Prime Minister Anwar Ibrahim said the decision to formulate the strategic plan was made at a National Investment Council meeting, which he chaired earlier today. (Facebook pic)

KUALA LUMPUR: The investment, trade and industry ministry (Miti) will formulate a comprehensive semiconductor strategic plan to ensure that Malaysia will continue to be the chosen investment destination for the industry, says Prime Minister Anwar Ibrahim.

Anwar, who is also the finance minister, said the matter was decided at a National Investment Council (NIC) meeting, which he chaired earlier today.

Anwar said the strategic plan would include a more attractive incentive package to enhance the inclusion of strategic investments in high-tech semiconductors, particularly to encourage more front-end activities in the semiconductor industry in Malaysia.

“This is important to attract the interest of various international semiconductor companies to establish high-quality semiconductor manufacturing facilities in Malaysia,” Anwar said in a Facebook post.

Anwar said the meeting, among other things, also examined the country’s current position and future prospects for the semiconductor industry, including support for various expansion proposals that had been submitted to him.

“The meeting also discussed the proposal for the development of the Kerian Integrated Green Industrial Park (Kigip) and it agreed that this should be implemented as a joint venture by a government-linked investment company in collaboration with the federal and the Perak governments.

“This is a starting point for the Madani government’s efforts to accelerate the development of Kigip, which is seen as one of the main catalysts to attract green investments into the country.

“Furthermore, the operation of Kigip will be entirely generated with renewable energy in line with the country’s aspirations towards achieving carbon neutrality as early as 2050,” added Anwar.

Meanwhile, Miti minister Tengku Zafrul Aziz, through a separate post on his Facebook page, said the strategic plan to be launched was in line with the initiatives under the New Industrial Master Plan 2030 (NIMP 2030).

“NIMP 2030 sets investments in wafer fabrication activities as one of the projects to further strengthen Malaysia’s position as a major player in the semiconductor sector in the region,” he said - FMT