KUALA LUMPUR, Oct 12 (Bernama) -- The government will reduce Malaysia’s risk of overdependence on the semiconductor sector by diversifying the electrical and electronics (E&E) value chain and sources of economic growth, as well as by expanding export markets.
Business : Malaysia To Reduce Overdependence On Semiconductors, Diversify Economic Growth Sources
MITI, Johari Abdul Ghani, E&E, Dewan Rakyat, Parli
BE Bernama 
Key points
- Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani said the measures aim to enhance the resilience of the country’s exports in the event of a cyclical downturn in the global semiconductor industry.
- Through the New Industrial Master Plan 2030 (NIMP 2030) and the National Semiconductor Strategy (NSS), the government is focusing on high value-added and technology-intensive activities, such as integrated circuit design and advanced packaging.
- “Second, the government will diversify sources of growth beyond the E&E sector and strengthen domestic supply chains,” he said during a question-and-answer session in the Dewan Rakyat today.
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