Malaysia’s prime minister lauds country’s burgeoning chip hub status as Infineon opens new plant

Malaysia’s prime minister lauds country’s burgeoning chip hub status as Infineon opens new plant


Zafrul Tengku Abdul Aziz, Malaysia’s international trade and industry minister, from left, Muhammad Sanusi Md Nor, chief minister of Kedah state, Anwar Ibrahim, Malaysia’s prime minister, Jochen Hanebeck, chief executive officer of Infineon Technologies AG, and Rutger Wijburg, chief operating officer of Infineon Technologies AG, during the opening of the company’s site of a new semiconductor complex in Kulim, Malaysia, on Thursday, Aug. 8, 2024. 

Bloomberg | Bloomberg | Getty Images

Malaysia’s Prime Minister Anwar Ibrahim made the case for his country’s attractiveness as a chipmaking hub at the opening ceremony of Infineon’s semiconductor fabrication facility in Malaysia’s Kulim district.

“Politically, we are stable, clarity of policies, I mean, energy transition, industrial policy, a master plan, and then even semiconductor policies,” he told CNBC’s JP Ong.

“This has helped generate more interest from the investors,” Anwar said, adding that Infineon’s participation has demonstrated “in a big way” the company’s confidence in the country’s overall semiconductor ecosystem.

Malaysian Prime Minister Anwar Ibrahim lauds country's burgeoning chip hub status

On whether Malaysia can generate sufficient talent to supply the growing sector, the prime minister assured that the country’s professionals and students have the capacity to do so.

“Our role in the government is to facilitate the process, to make sure that we disburse adequate funds for that purpose,” Anwar said.

Anwar last September said that the government is looking to attract skilled Malaysians to return and contribute to the country. The country has ambitions to train and upskill 60,000 Malaysians to become highly skilled semiconductor engineers over the next decade.



Source

Canada Goose rises 7% in premarket trading after controlling shareholder gets take-private bids
World

Canada Goose rises 7% in premarket trading after controlling shareholder gets take-private bids

New York-listed shares of Canada Goose rose by nearly 7% in premarketing trading, after a CNBC report that the winter-clothing maker’s controlling shareholder, Bain Capital, has received bids to take the company private. Private equity firm Bain Capital is looking to offload its holding in Canada Goose, sources told CNBC’s Anniek Bao, with Goldman Sachs […]

Read More
European stocks rebound as traders eye Nvidia earnings
World

European stocks rebound as traders eye Nvidia earnings

European markets opened higher Wednesday as traders gear up for a quarterly earnings report from chipmaker Nvidia. The Nasdaq-listed stock has become a bellwether for the global technology sector, particularly regarding the progress of the artificial intelligence boom, as its major corporate customers include Microsoft, Google, Meta and Amazon. Its value has soared in recent […]

Read More
SpaceX makes comeback with Starship test launch after fiery setbacks
World

SpaceX makes comeback with Starship test launch after fiery setbacks

SpaceX’s Starship rocket lifts off from Starbase, Texas, as seen from South Padre Island on Aug. 26, 2025, for its 10th test flight. Ronaldo Schemidt | Afp | Getty Images SpaceX on Tuesday launched its mammoth Starship rocket, breaking a string of explosive failed attempts earlier this year to deploy its first batch of dummy […]

Read More