The government will implement measures to bolster airport infrastructure supporting the country’s semiconductor exports in order to achieve the aspirations of the National Semiconductor Strategy.
Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said his ministry (MITI) will discuss the issue with the Ministry of Transport (MOT) soon.
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Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said his ministry (MITI) will discuss the issue with the Ministry of Transport (MOT) soon.
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NewsTranscript
00:00Thank you, Translator-Speaker, Distinguished Ladies and Gentlemen,
00:07For your information, the Minister has announced the National Semiconductor Strategy on 28 May.
00:16This announcement not only reflects the Government's commitment to strengthen the country's economy,
00:23but also to strengthen our vision to make Malaysia the world's semiconductor hub.
00:30With a clear foundation and goals,
00:32we are trying to draw quality investment that will ensure that Malaysia remains relevant
00:38and competitive globally.
00:40The National Semiconductor Strategy has outlined five main objectives
00:44that will drive the transformation of the country.
00:47The first objective is to attract investment of at least RM500 billion in the semiconductor sector,
00:53especially in IC design, advanced packaging, wafer fabrication, and semiconductor equipment manufacturing.
01:03The second objective is to attract at least 10 Malaysian companies
01:06in advanced packaging and packaging with an income of between RM1 billion and RM4.7 billion
01:13and to attract at least 100 semiconductor-related companies
01:17with an income of almost RM1 billion and a higher salary for Malaysian workers.
01:25The third objective is to build Malaysia as a global R&D hub for semiconductors
01:32by providing a world-class university, R&D hub, and manufacturing hub
01:37that combines the best talents in Malaysia and internationally.
01:41The fourth objective is to train and improve the skills of 60,000 high-skilled engineers
01:47to fill the job opportunities in the semiconductor sector.
01:52The fifth objective is to attract at least RM25 billion in fiscal support
01:58to achieve the implementation of the SSN.
02:01This reflects the government's sincerity in providing sufficient resources.
02:06The government is confident in the investment target set in the SSN
02:11taking into account the performance of domestic semiconductor investment
02:15where throughout 2023, this sector has contributed 82% of the RM84.6 billion investment
02:24that was approved for the E&E project.
02:27In addition, the strategic position of Malaysia, complete infrastructure availability,
02:33the existence of free trade agreements between Malaysia and its neighbors,
02:38and the availability of high-skilled jobs
02:42will make Malaysia a destination for semiconductor sector investment.
02:47To realize the target set, the SSN is supported by enablers
02:54which is an important factor in achieving the target.
02:58The purpose of the SSN is to encourage the participation of government-related investment companies
03:04and private capital companies,
03:07to establish a global infrastructure and ease of investment,
03:10to develop and attract local talent through joint efforts between various ministries,
03:15and also to facilitate investment activities.
03:19The SSN is also supported by various seven countries
03:23such as the 12th Malaysia Plan, the 12th Semiconductor Study,
03:27the 7th Electrical and Electronic Development, and so on.
03:32And Mr. Chairman,
03:36the government will always cooperate with other governments
03:41in realizing the SSN target that has been set.
03:45At present, countries such as Penang, Selangor, and Sarawak
03:49have played a role in developing the semiconductor sector in their respective countries,
03:54especially in Kedah.
03:57This has been proven by several development plans that have been announced,
04:01such as IC Design Park in Selangor,
04:03IC Design and Digital Park in Penang,
04:05and also several projects in Kulim Hightech Park,
04:08and also in Sarawak,
04:10in the construction of the Semiconductor Study.
04:13The government will always support and be open to cooperate with other governments
04:17in their respective development plans
04:19and see the potential and opportunities to attract high-quality investment
04:23that will support the development of the semiconductor sector in the country.
04:29Thank you.