Semicon Southeast Asia 2024 To Drive Investment Opportunities For Malaysia

KUALA LUMPUR, May 29 (Bernama) — The electrical and electronics (E&E) industry in Southeast Asia is experiencing a significant surge in investment opportunities, driven by rapid technological advancements and a robust economic landscape. Malaysia, in particular, stands out as a prime destination for investors looking to capitalise on the thriving E&E industry within the region.

 In 2023, Malaysia’s manufacturing sector attracted a total of RM152 billion in approved investments, with E&E industry, securing the lion’s share of investments with RM85.4 billion. Ranked sixth globally for semiconductor exports, Malaysia plays a critical role in the global E&E supply chain. The nation is responsible for 7.0 per cent of the global semiconductor trade and 13 per cent of global chip assembly, testing and packaging activities.¹ Furthermore, six out of the twelve (12) largest semiconductor companies currently operate in Malaysia, underscoring its strategic importance and attractiveness as a hub for major industry players. 

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