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

First Chinese freight ship goods hit with Trump’s 145%-plus tariffs arriving at U.S. ports
World

First Chinese freight ship goods hit with Trump’s 145%-plus tariffs arriving at U.S. ports

Container ships sit docked at the Port of Los Angeles on May 06, 2025 in San Pedro, California. Justin Sullivan | Getty Images News | Getty Images The first shipping containers carrying Chinese products that are subject to President Donald Trump’s 145% tariffs have begun arriving in U.S. ports. Seven ships carrying upward of 12,000 […]

Read More
This consumer products stock is rushing to leave China and Wall Street is betting it can pull it off
World

This consumer products stock is rushing to leave China and Wall Street is betting it can pull it off

Wall Street is optimistic SharkNinja will be able to move its sourcing completely out of China. The company, which manufactures appliances such as vacuums and the Ninja Creami ice cream maker, rallied nearly 13% on Thursday following a first-quarter earnings beat. SharkNinja raised its guidance for its fiscal-year earnings, revenue growth and adjusted EBITDA estimates. […]

Read More
Ukraine to host ‘coalition of willing’ leaders Saturday, Zelenskiy says
World

Ukraine to host ‘coalition of willing’ leaders Saturday, Zelenskiy says

President Volodymyr Zelenskyy attends the European leaders’ summit to discuss European security and Ukraine, at Lancaster House in London, Britain, March 2, 2025.  Javad Parsa | Via Reuters Ukraine will host a meeting of leaders of the so-called “coalition of the willing” on Saturday, President Volodymyr Zelenskiy said. Established earlier this year and led by […]

Read More