Products must be made by Malaysians, semiconductor industry urged

The Star

Semiconductors produced in Malaysia must be made by Malaysians, and national companies should lead among Fortune 500 tech firms, said Prime Minister Datuk Seri Anwar Ibrahim in his closing speech at the Asean Semiconductor Summit 2025 on Thursday (July 24).  Read more at https://tinyurl.com/yt8yjzds  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00In this evolving environment, the NSS is even more critical in consolidating Malaysia's

00:15long-term economic and global positioning. In my view, through supply chain resilience

00:21means eliminating weak links, either by producing what we need effectively or securing reliable

00:29partnership to access what lies beyond our domestic capabilities. While we have made progress

00:37across all fronts, we also need to learn from global shifts and reprioritise with resilience,

00:46determination and neutrality in mind. Most importantly, our mindset must shift from just

00:54having made in Malaysia products to creating made by Malaysian products. And we will continue to

01:01welcome partners who strengthen our supply chains, transfer their knowledge and technologies and

01:08deliver real value to Malaysians. Accordingly, the most important target now is to deliver the 10 plus

01:16100. This means building 10 Malaysian semiconductor supply chain companies with revenues between

01:24RM1 billion and RM4.7 billion and nurturing at least 100 more to approach the RM1 billion mark.

01:36These companies will not only export Malaysian products to the world, but also bring our knowledge,

01:41value creation and talent into ASEAN and together with ASEAN to the global markets. They will be our flag

01:51bearers abroad rooted at home. Now, the second shift in priorities is reorienting talent development.

02:00There's a global shortage of engineers, even in the most advanced economies. By training and upskilling our old engineers,

02:10Malaysia is also contributing the broader regional ASEAN-wide effort.

02:17If we act as a community rather than as individual nations, we can address this shortage more effectively.

02:24Malaysian companies should also work with partners across ASEAN to build infrastructure,

02:30enhance technical capabilities and support the development of electronic industries in neighboring countries.

02:37While the implementation of the NSS may evolve with time,

02:41Malaysia's commitment to being a leading global partner and the indispensable middle will remain steadfast.

02:49Therefore, ladies and gentlemen, we are here to build in Malaysia, for Malaysians and beyond.

02:58While globally competitive companies and talent, we aim to drive shared progress across ASEAN and invite

03:06all of you to be part of this journey. Thank you.

03:10Thank you for all parties to kindly pose with a copy of the MOU in hand.

Category

Transcript

Recommended