KUALA LUMPUR, Sept 13 – Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Aziz said today that Malaysia expects no major change in the chip industry post-United States presidential election on Nov 5, 2024.
“Even during the change from (Donald) Trump to (Joe) Biden, we didn’t see major changes in this sector for Malaysia, for Malaysian companies, and also for the international companies based in Malaysia.”
“I don’t foresee that (will) change if there is a policy change in the new US administration.”
Tengku Zafrul said responding to Bloomberg TV if Malaysia expects the semiconductor industry to be impacted by the US presidential election.
On the US decision to step up curbs on Chinese chip makers, the Minister said Malaysia has not been affected thus far and Putrajaya will continue to engage with both China and Washington.
“Malaysia is a very open economy. We are parties to many multilateral and bilateral FTAs (free trade agreements) with nations around the world. So the key is to continue to engage (with them). To date, we have not seen any tariff imposed on companies based in Malaysia, in the chip or the semiconductor sector.”
Tengku Zafrul reiterated that Malaysia has hugely benefitted from the technology war and has attracted substantial investments as companies realign and redesign their supply chain.
