Malaysia will provide incentives to attract global technology companies
The Malaysian Minister of Economy announced on April 22 that Malaysia will provide incentives, including exemptions and subsidies for rent and employment permits, as well as preferential tax rates for corporate profits, to attract global technology companies.
Malaysian Minister of Economy Rafizi Ramli said at the KL20 summit, "We hope to attract global unicorns to Malaysia, create high skilled and high-value employment opportunities, and cultivate future entrepreneurs and senior leaders in the technology sector."
Semiconductor companies are one of the important entities in technology companies. Recently, Malaysia's Minister of Investment, Trade and Industry, Zafral Aziz, told the media that "Malaysia's geopolitical neutrality and strategic positioning are key selling points for multinational semiconductor companies seeking investment destinations. For multinational companies seeking countries that are not affected by global political agendas or alliances, we consider geopolitical neutrality as a key selling point."
According to data from the Malaysian Investment and Development Authority, since entering the semiconductor industry in the past 50 years, Malaysia has become an important participant in the semiconductor industry, accounting for approximately 13% of the global chip packaging, assembly, and testing services market. In the past 50 years, Malaysia has developed a strong semiconductor supply chain in the "Eastern Silicon Valley" of Penang, connecting local businesses with global suppliers.
Semiconductor companies are one of the important entities in technology companies. Recently, Malaysia's Minister of Investment, Trade and Industry, Zafral Aziz, told the media that "Malaysia's geopolitical neutrality and strategic positioning are key selling points for multinational semiconductor companies seeking investment destinations. For multinational companies seeking countries that are not affected by global political agendas or alliances, we consider geopolitical neutrality as a key selling point."
According to data from the Malaysian Investment and Development Authority, since entering the semiconductor industry in the past 50 years, Malaysia has become an important participant in the semiconductor industry, accounting for approximately 13% of the global chip packaging, assembly, and testing services market. In the past 50 years, Malaysia has developed a strong semiconductor supply chain in the "Eastern Silicon Valley" of Penang, connecting local businesses with global suppliers.