MALAYSIA TARGETS $197B SEMICONDUCTOR EXPORTS BY 2026

Wong Siew Hai made the forecast during remarks at the 'Invest Malaysia' event in Kuala Lumpur, signaling confidence in the sector's expansion trajectory. The $197 billion target represents significant growth potential for Malaysia's semiconductor ecosystem, which has established itself as a key player in global chip production and supply chains. The projection comes amid broader industry trends favoring semiconductor manufacturing diversification outside traditional hubs, particularly as companies seek to reduce supply chain concentration and geopolitical risks. Malaysia's semiconductor industry benefits from existing manufacturing infrastructure, skilled workforce availability, and government support for technology investments. The sector encompasses design, fabrication, assembly, and testing operations. Achieving the 2026 target would require sustained investment in manufacturing capacity and technology capabilities across the industry value chain.