Malaysia moves up value chain with first semiconductor park

'Once in a generation' chance to become chip champion, minister says

Malaysian Economy Minister Rafizi Ramli, fourth from right, at the opening of Malaysia Semiconductor IC Design Park in Selangor on Aug. 6. (Photo by Norman Goh)

NORMAN GOH, Nikkei staff writer

August 6, 2024 22:01 JST

KUALA LUMPUR -- Malaysia formally opened its first semiconductor integrated circuit (IC) design hub on Tuesday, the latest step in its attempt to move up the sector's value chain.

Southeast Asia's third largest economy is currently the biggest supplier of semiconductors to the U.S. -- meeting about 20% of its demand -- but wants to become more prominent in innovation and design.