Selangor’s bid to attract investors with a semiconductor area plan

Selangor has a semiconductor industry area development plan, aiming to attract investments, spur economic growth, and cultivate skilled workers, according to Selangor Menteri Besar Datuk Seri Amirudin Shari.

He said that the plan incorporated the establishment of a semiconductor park, which was currently under review by Menteri Besar Selangor Incorporated.

“The park would be developed in a new area. We were identifying the requirements as it had to have features that met the needs of the semiconductor industry,” he said, during a luncheon hosted by Invest Selangor at SEMICON Southeast Asia 2024 today, reported Bernama.

Among the industry players with a long-established presence in Selangor were Texas Instruments Malaysia Sdn Bhd and NXP Malaysia Sdn Bhd.

He said that the semiconductor was a sector that involved large investments and focused on several areas such as the Kulim Hi-Tech Park, Sarawak, Penang, and even Singapore.

“With the widespread excitement about artificial intelligence, I believed there was a large market with companies from China looking for overseas bases due to trade issues,” he said.

Earlier he said that Selangor’s recent involvement in integrated circuit (IC) design aimed to enhance Malaysia’s standing in the value chain, shifting from a peripheral role to a key player in a broad ecosystem.