KUALA LUMPUR, Oct 15 (Bernama) -- The government intends to implement a comprehensive approach involving all ministries and agencies to help the semiconductor sector develop more local technology and to strengthen cooperation with other countries, said Deputy Finance Minister Liew Chin Tong.
Business : Govt To Strengthen Semiconductor Sector, Boost Local Technology Development -- Liew
Liew Chin Tong, semiconductor, local technology, A
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Key points
- He said that cooperation between the capital market or financial sector and the technology industry also needs to be strengthened to produce more local companies with their own technology, especially in this sector.
- "The semiconductor sector is extremely important because phones, watches, electric vehicles and artificial intelligence (AI) all require semiconductor technology," he told Bernama after delivering a speech at the launch of the Selangor AI and Semiconductor Summit 2026 (AiSEM@Selangor) here today.
- Separately, in his speech, he said the government aims to adopt a whole-of-government approach to strengthen the semiconductor sector, describing it as a once-in-a-generation opportunity to build a Malaysian economy comparable to South Korea’s in the decades to come.
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