Malaysia’s investment in research and development (R&D) remains low at around 1% of GDP, equivalent to RM18.16bil, according to Science, Technology and Innovation Minister Chang Lih Kang.
During his winding up on the Supply Bill 2026 on Monday (Nov 3), he said the government aims to raise R&D spending to 3.5% of GDP by 2030, focusing on tech startups and high-impact sectors such as semiconductors, E&E, and artificial intelligence.
Chang also stressed the need to boost private sector R&D spending, though the government has no plans to make company R&D investment mandatory.
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