Malaysia wants to benefit from chip companies trying to diversify their supply chains: ‘There is enough growth that will go around' [Yahoo! Finance]
GlobalFoundries Inc. (GFS)
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Source: Yahoo! Finance
of leading-edge chip manufacturing , while the U.S. and Japan are spending billions to revive their domestic chip sectors. But places like Malaysia, Singapore , and the Philippines are also trying to carve an important niche in the semiconductor supply chain. The Southeast Asian country of Malaysia has a long history with chips, as the home of U.S. chipmaker Intel's first-ever non-U.S. plant . It has about 13% of the global market for chip packaging, assembly, and testing, according to a government report Now, Malaysia's government is signaling its intent to move away from the low-end of the chip supply chain—and the tech rivalry between the U.S. and China could help the Southeast Asian country stand out. “We're seeing a lot of end users now diversifying their supply chain," the country's second finance minister Amir Hamzah Azizan told CNBC on the sidelines of the IMF spring meetings in Washington on Wednesday. The minister continued that Malaysia wanted to provide "very vibrant
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