Thailand, Vietnam and Singapore are all vying to become a regional leader in the semiconductor manufacturing industry. The chip making business is now gaining momentum on the global stage thanks to the demands of artificial intelligence technology and electric vehicles.

Malaysia is seeking to attract at least RM500 billion or USD107 billion in investment for its semiconductor industry, Prime Minister Anwar Ibrahim said when launching the country’s National Semiconductor Strategy. To support these goals, the government offered fiscal support of at least RM25 billion or USD$5.3 billion, to offer incentives to foreign investors and to train 60,000 Malaysian engineers to meet industry demand. Major players, Intel & Infineon are set to invest a total of USD 12.4 billion to build and expand its existing plants that manufacture chips for EVs. Companies such as Texas Instruments, AT&S, Nvidia, Ericsson & Bosch are all set to expand their operations in Malaysia as well. Malaysia now accounts for 13 percent of global semiconductor testing and packaging, and is the world’s sixth largest exporter of semiconductors, according to a New York Times report. In 2023, Malaysia’s electrical & electronic exports was RM 575 billion or USD 123 billion, accounting for 40 percent share of total exports, more than the next nine biggest exports combined.

Singapore is also on the verge of becoming a leader in semiconductor manufacturing. The country’s semiconductor sector generated over SGD 133 billion or USD 101 billion, contributing significantly to the country’s electronics manufacturing output. The sector now accounts for approximately seven percent of Singapore’s GDP, underlining its importance to the national economy.

Now in its third iteration, the 3rd Annual Semiconductors Summit will feature in depth presentations by the region’s leading subject matter experts. Learn and discover how Take opportunity to connect with industry leaders and gain a competitive edge in the global marketplace and learn about cutting-edge technologies and best practices that can help you stay ahead of the curve in this rapidly evolving industry.