Chow: US visit brings positive outlook for Penang investment
GEORGE TOWN: Chief Minister Chow Kon Yeow said his recent United States visit yielded a positive outlook for investment, particularly amid rapid AI-driven technology growth.
Chief Minister Chow Kon Yeow expressed optimism about Penang's investment prospects after a recent trip to the United States. The delegation explored opportunities in sectors such as artificial intelligence, data centres, semiconductors, integrated circuit design, medical devices, and global business services during the eight-day mission.
Chow emphasized the importance of retaining existing investors while attracting new ones, stating that the state would support them in their expansion plans, addressing needs for additional land, talent development, and infrastructure. Penang's infrastructure, established ecosystem, and talent development make it an attractive destination for investments, he stated.
The state remains committed to both attracting new investors and facilitating the growth of existing companies.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
