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Malaysia targets over $100 billion in semiconductor market financial investment

Malaysia targets over $100 billion in semiconductor industry investment

KUALA LUMPUR (Reuters) -Malaysia is targeting a minimum of 500 billion ringgit ($107 billion) in financial investment for its semiconductor market, Prime Minister Anwar Ibrahim stated on Tuesday, as the Southeast Asian nation aims to increase its position in the international supply chain.

Malaysia is a significant gamer in the semiconductor market, representing 13% of international screening and product packaging. It has actually drawn in multi-billion dollar financial investments from leading companies in the last few years, consisting of Intel and Infineon.

Anwar stated the financial investment being looked for would be for incorporated circuit style, advanced product packaging and production devices for semiconductor chips.

Malaysia likewise wishes to develop a minimum of 10 regional business in style and advanced product packaging for semiconductor chips, with profits in between $210 million to $1 billion, Anwar stated in a speech at a market occasion.

The Southeast Asian nation will designate $5.3 billion in financial assistance to satisfy these targets, he included.

Anwar did not define a timeline for the targets to be fulfilled.

($1 = 4.6910 ringgit)

(Reporting by Danial Azhar; Modifying by John Mair)

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