What are the key targets for Malaysian semiconductor companies under the new strategy?

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Key Targets for Malaysian Semiconductor Companies Under the National Semiconductor Strategy

The National Semiconductor Strategy (NSS) sets ambitious targets for the growth and development of Malaysian semiconductor companies, aiming to establish a robust domestic ecosystem. A central objective is to cultivate at least 10 Malaysian companies specialising in semiconductor design and advanced packaging, each projected to achieve annual revenues ranging from RM1 billion to RM4.7 billion.
Nurturing a Broader Base of Companies

Beyond the top-tier design and packaging firms, the NSS also focuses on fostering a wider network of semiconductor-related businesses. The strategy aims to nurture at least 100 such companies, with a revenue benchmark close to RM1 billion, thereby creating a more diversified and resilient industry landscape.
Investment and Talent Development Goals

The operationalisation of the NSS is supported by a significant fiscal allocation of RM25 billion, designated for various aspects including operational costs, research and development (R&D), and talent creation. This funding underscores the government's commitment to building a strong foundation for the sector.
Global R&D Hub Ambitions

A significant component of the NSS is the development of Malaysia into a global R&D hub for semiconductors. This initiative involves collaboration with world-class universities, leading corporations, and dedicated centres of excellence to drive innovation and technological advancement within the country.
Upskilling the Engineering Workforce

To meet the burgeoning demand for skilled professionals, the NSS plans to train and upskill approximately 60,000 Malaysian engineers over a period of five to 10 years. This intensive training programme is crucial for supporting the growth of the semiconductor sector and ensuring a pipeline of high-skilled talent.

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What are the key targets for Malaysian semiconductor companies under the new strategy?

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