Malaysia Aims to Strengthen Collaboration with India's Semiconductor Sector

When Liew Chin Tong, Malaysia's Deputy Minister of Investment, Trade, and Industry, visited India, he stated that the country's expanding semiconductor industry will benefit from "structured engagement" with Malaysia.

Liew told Bernama on Tuesday, "We want to see how to have structured engagement with India in the semiconductor sector." He emphasized Malaysia's aim to contribute to "India's semiconductor story" by providing knowledge in crucial fields.

The semiconductor market in India is expected to increase from US$38 billion in 2023 to US$109 billion by 2030, thanks to significant investments from international firms like Advanced Micro Devices (AMD), Foxconn, Micron Technology, and Applied Materials.

Liew pointed out that a large number of foreign businesses who are currently investing in India have been operating in Malaysia for many years, opening up "trilateral" economic potential. “Through them we have already developed a robust Malaysian supply chain. We think this is where we can work together with India,” he said.

The goal of Malaysia's National Semiconductor Strategy (NSS), which was introduced in May of last year, is to support regional technological firms. “For a long time the semiconductor sector has been treated as foreign direct investment, but we have not put emphasis on growing Malaysian innovation and capability,” Liew said.

In order to talk about Malaysia-India collaboration and ties in the "current global geoeconomics landscape," Liew also met with Amitabh Kant, the G20 Sherpa for India. In order to investigate trade and investment prospects between the two nations, he also met with representatives of the Federation of Indian Chambers of Commerce and Industry (FICCI) and interacted with Malaysian companies doing business in India at the High Commission of Malaysia.