Malaysia is making a name for itself in the global semiconductor industry through an exciting partnership with Brazil.
According to Tengku Zafrul Aziz, Malaysia's Minister of Investment, Trade and Industry, this cooperation can transform the country into a regional industrial hub, especially with Malaysia taking over the ASEAN chairmanship.
This strategic role allows the country to lead efforts in making the region a global focus area for semiconductor innovation and manufacturing.
At the recent Malaysia-Brazil semiconductor meeting, the leaders emphasized how this partnership highlights Malaysia's capabilities and fosters growth in ASEAN.
Tengku Zafrul set a target of attracting RM500 billion in investment by 2030, creating 10 local industry leaders with revenue exceeding RM1 billion, and upskilling 60,000 engineers.
This goal is part of a comprehensive National Semiconductor Strategy.
Two major agreements were signed during the event, marking a breakthrough in Malaysia-Brazil semiconductor cooperation.
With a robust ecosystem that includes global giants such as Intel and local champions such as Inari, Malaysia is already the sixth largest exporter of semiconductors worldwide.
This partnership with Brazil could further strengthen Malaysia's role as a trusted hub for high-tech industries, from automotive to medical devices.
