KUALA LUMPUR: The National Investment Council has directed the Investment, Trade and Industry Ministry (MITI) to draft a comprehensive semiconductor strategic plan.
This, Prime Minister Datuk Seri Anwar Ibrahim said, is to ensure that Malaysia continues to be a preferred investment destination for this strategic industry.
"This is crucial to attract the interest of various international semiconductor companies to establish high-quality semiconductor manufacturing facilities in Malaysia.
"This strategic plan will also include more attractive incentive packages to enhance the entry of strategic investments in high-tech semiconductors, particularly to encourage more front-end activities in the semiconductor industry in Malaysia," he said in a Facebook post today.
Chairing the third meeting of the National Investment Council this year, the prime minister said the meeting's focus was on assessing the current state and future prospects of Malaysia's semiconductor industry, as well as supporting expansion proposals previously submitted.
Among others, he said the meeting also reviewed the proposal for the development of the Kerian Integrated Green Industrial Park (Kigip).
It was agreed that this proposal should be executed through a collaborative effort involving government-linked investment companies in partnership with the federal and Perak state governments.
"This marks the beginning of the Madani government's efforts to accelerate the development of Kigip, which is seen as a key driver for attracting green investments into the country.
"This is also while the operation of Kigip will be fully powered by renewable energy in line with the country's aspirations towards achieving carbon neutrality by as early as 2050," he said.
