Will the global semiconductor shortage continue to boost Malaysian manufacturing?

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Global Semiconductor Shortage to Continue Supporting Malaysian Manufacturing in 2022

The global shortage of semiconductors is projected to persist throughout 2022, which is expected to provide ongoing support for Malaysia's manufacturing sector. This sustained demand for chips, driven by the ongoing global supply constraints, has been a significant factor in the robust performance of Malaysia's electronics and related goods exports. The positive outlook for Malaysian trade in 2022, with exports anticipated to lead the country's return to pre-pandemic growth levels by mid-year, is further bolstered by this trend.
Extended Chip Scarcity to Fuel Demand

The current worldwide scarcity of semiconductors is anticipated to extend into 2022. This persistent shortage is a key driver for the continued demand for electronics and related goods originating from Malaysia. The robust export figures for November, which saw a 32.4 per cent year-on-year increase, were significantly influenced by the strong performance in this segment.
Manufacturing Sector Benefits from Global Demand

Malaysia's manufacturing sector is expected to benefit from the ongoing global demand for semiconductors. The chip shortage has been a primary factor underpinning the strength in exports of electronics and related products. This situation is seen as a positive influence on the country's overall export sector performance in the coming year.
Positive Trade Outlook Anchored by Exports

Malaysia's trade sector is projected to maintain a positive outlook for 2022, with exports playing a pivotal role in the nation's economic recovery towards pre-pandemic growth levels. The strength in electronics exports, directly linked to the semiconductor shortage, is a crucial component of this optimistic forecast. While risks from the Omicron variant and extreme weather exist, the underlying demand for manufactured goods remains a strong supporting factor.

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Will the global semiconductor shortage continue to boost Malaysian manufacturing?

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