KUALA LUMPUR (Reuters) -Malaysia’s trade ministry is planning incentives for its domestic semiconductor industry in July, state media reported on Wednesday, citing the trade minister.
Trade Minister Tengku Zafrul Aziz said he could not provide details at the moment but said that the government would continue to support the chipmaking industry, state news agency Bernama reported.
Malaysia is a major player in the semiconductor industry, accounting for 13% of global testing and packaging. It has attracted multibillion-dollar investments from leading firms in recent years, including Intel, and Infineon.
(Reporting by Danial Azhar; Editing by Martin Petty)
