M’sia to reduce semiconductor overdependence, diversify growth sources
Minister Johari Ghani says this is to enhance the resilience of the country’s exports in the event of a cyclical downturn in the global semiconductor industry.
Malaysian government aims to lessen dependence on semiconductor industry
KUALA LUMPUR: Investment, trade and industry minister Johari Ghani announced actions to lessen Malaysia’s reliance on the semiconductor sector. The government’s strategy focuses on diversifying the electrical and electronics (E&E) value chain, expanding export markets, and strengthening domestic supply chains.
The New Industrial Master Plan 2030 (NIMP 2030) and the National Semiconductor Strategy are key to enhancing economic resilience. These initiatives target high value-added and technology-intensive activities like integrated circuit design and advanced packaging.
Johari highlighted that 21 sectors under NIMP 2030, including services, contributed RM897 billion in 2025. The goal is to boost economic complexity, promote high value-added activities, and generate more job opportunities.
Additionally, the Ministry of Investment, Trade and Industry, via the Malaysia External Trade Development Corporation, is actively seeking new export destinations, such as Central Asia, Africa, and Latin America.
Responding to a question on prioritizing high value-added products and local technology mastery during export diversification, Johari confirmed ongoing engagement with local companies. The government is committed to taking strong action to safeguard the economy and reduce dependence on foreign sources.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- M’sia to reduce semiconductor overdependence, diversify growth sources freemalaysiatoday.com
