Malaysia emerges as a hotspot for semiconductor firms amid U.S.-China chip tensions [CNBC]
GlobalFoundries Inc. (GFS)
Company Research
Source: CNBC
“Malaysia has well-established infrastructure with around five decades of experience in the ‘back end' of the semiconductor manufacturing process, particularly in assembly, testing and packaging,” said Kenddrick Chan, head of the digital international relations project at LSE IDEAS, the foreign policy think-tank of the London School of Economics and Political Science. Semiconductors – critical components found in everything from smartphones to automobiles – have been at the center of a U.S.-China technology war. American chip giant Intel in December 2021 said it will invest more than $7 billion to build a chip packaging and testing factory in Malaysia, with production expected to begin in 2024. “Our decision to invest in Malaysia is rooted in its diverse talent pool, well-established infrastructure, and robust supply chain,” Aik Kean Chong, Intel Malaysia's managing director, told CNBC. Intel's first overseas production facility was an assembly site in Penang launched in 1972
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