In line with Donald Trump becoming the President of the United States effective this month, now Economy Minister Rafizi Ramli shared with the FT saying Malaysia is expected to see increased investment from technology companies and chip developers from China.
This move is in line with Donald Trump who is expected to impose tariffs on Chinese coTrump's expected imposition of 60%. Today, various American companies have operations in Malaysia – mainly for semiconductor manufacturing in Penang, and also data centres in Johor. Although US firms dominate the sector, the Economy Minister said Malaysia may see Chinese firms start to increase investment in their efforts to reduce tariffs imposed by the US, as well as to expand markets outside China.
At the same time, the Minister also aimed to move forward so that various investors would not only see Malaysia for production but also see Malaysia playing a more prominent role in chip design. This is also in line with the target to position Malaysia not just as a manufacturer, but to move up the semiconductor production chain.
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