Malaysia sets up chip-design hub to drive demand for semiconductor industry

Summary

• Malaysia has established a chip-design hub in Selangor state to enhance its semiconductor industry and attract foreign investments.
• The country aims to improve its chip design capabilities and move towards using chips designed locally.
• Partners of the Malaysia Semiconductor IC Design Park include Cadence Design Systems Inc. and Arm Holdings Plc.
• Malaysia plans to double its semiconductor exports by 2030, positioning itself as the sixth-largest chip exporter globally.