Malaysia targets over $100b in semiconductor industry investment

Malaysia targets over $100b in semiconductor industry investment

FILE PHOTO:Malaysian Prime Minister Anwar Ibrahim leaves Japan's prime minister's official residence after a meeting with Japanese Prime Minister Fumio Kishida in Tokyo, Japan, May 23, 2024. FRANCK ROBICHON/Pool via REUTERS/File Photo

Malaysia is targeting at least 500 billion ringgit ($107 billion) in investment for its semiconductor industry, Prime Minister Anwar Ibrahim said on Tuesday, as the Southeast Asian country looks to position itself as a global manufacturing hub.