PUTRAJAYA, Oct 13 (Bernama) -- The Ministry of Science, Technology and Innovation (MOSTI) will utilise the RM1.29 billion allocation under Budget 2027 to strengthen the semiconductor industry, AI, the technology startup ecosystem and commercialisation of local research output.
General : MOSTI To Leverage RM1.29 Bln Budget 2027 Allocation To Boost Semiconductor, Startups
MOSTI, Chang Lih Kang, Budget 2027, semiconduct
BE Bernama 
Key points
- Minister Datuk Chang Lih Kang said the funding reflects the government's commitment to strengthening the country's technological and innovation capabilities, while ensuring research output can be commercialised, the growth of local companies, and the creation of more high-value jobs.
- "Through this RM1.29 billion allocation, we want to accelerate Malaysia's transition from a consumer to a creator and owner of technology, while ensuring the benefits of innovation are felt by the people and contribute to national economic growth," he said in a statement today.
- Chang said MOSTI received an overall allocation of RM1.29 billion for 2027, comprising RM775.46 million for operating expenditure and RM516.93 million for development expenditure, an increase of RM16.49 million or 1.29 per cent compared with RM1.28 billion in 2026.
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