GEORGE TOWN, Oct 8 (Bernama) -- Penang attracted RM18.2 billion in foreign direct investment from the United States (US) in the manufacturing sector between 2020 and the first half of 2026, accounting for 38 per cent of total US investment in Malaysia’s manufacturing sector.
Business : Penang Records RM18.2 Bln In US Manufacturing Investment Since 2020 -- Chow
Penang, FDI, US, manufacturing, Chow Kon Yeow, AM
BE Bernama 
Key points
- Chief Minister Chow Kon Yeow said confidence among US companies in Penang remained strong, with more than 100 US companies currently operating in the state.
- Chow said Penang is moving beyond being a manufacturing hub toward developing homegrown semiconductor companies that can expand globally, and he urged US companies to collaborate with local firms on technology development.
- He said that initiatives such as Penang Silicon Design @5K+ and the Malaysia Automated Test Equipment (ATE) Campus in Penang are set to propel local companies from development to commercialisation, transitioning from “Made in Malaysia” to “Made by Malaysia”.
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