Malaysia is positioning itself to capitalize on the expanding electric vehicle (EV) market by strengthening its semiconductor industry. With EV manufacturers increasingly sourcing components from Malaysia, the country aims to secure its position in the global supply chain and attract more EV companies to invest in the country.
Trade and Industry Minister Zafrul Aziz highlighted the importance of realigning the supply chain to ensure security and resiliency. Many EV makers are already establishing a presence in Malaysia, with Tesla being one of the major charging station providers for the country. Zafrul expressed the ambition for companies like Tesla to build giga factory assembly plants in Malaysia, following Tesla’s regional headquarters establishment in August.
Semiconductors play a crucial role in both conventional car manufacturing and EV production, with EVs requiring significantly more chips. To leverage this demand, Malaysia has established a national semiconductor taskforce. The taskforce aims to promote growth in the country’s semiconductor ecosystem and attract strategic investments. Its focus is on the “front end” of the chips industry, specifically wafer fabrication and circuit engraving, to move up the value chain.
Zafrul emphasized the importance of the semiconductor sector, contributing 7% to Malaysia’s gross domestic product and accounting for half of its exports. The taskforce will not only aim to grow the semiconductor industry but also address the shortage of talent in the electrical and electronics engineering field.
Malaysia’s strong foundation in the semiconductor industry, which began in the 1970s, provides a favorable position for the country to elevate its position in the global value chain. With the growth of the EV market, Malaysia has an opportunity to catalyze its manufacturing industry exports and continue attracting investments from electric car companies.
In conclusion, Malaysia’s focus on the semiconductor industry aligns with the growth of the electric vehicle market. By establishing a national taskforce and targeting the “front end” of the chips industry, Malaysia aims to secure its position in the global supply chain, attract investments, and drive growth in its manufacturing industry.
The source of the article is from the blog trebujena.net