Tech Index Bucks Market Trend, National Semiconductor Strategy Attracts RM63 Bln In Investments

KUALA LUMPUR, July 25 (Bernama) -- The Bursa Malaysia Technology Index inched up 0.04 of a point to 52.36 while most of the other sectoral indices remained in negative territory.

This may be due to Prime Minister Datuk Seri Anwar Ibrahim’s announcement yesterday that the National Semiconductor Strategy (NSS), launched in May 2024, has attracted RM63 billion in investments, comprising RM58 billion in foreign direct investments and RM5.2 billion in domestic direct investments.

“Malaysia’s transition from a back-end assembly base to a design-to-packaging semiconductor hub remains a work in progress.

“However, we are encouraged to see that the NSS is gaining investor traction, institutional support, and regional momentum. With RM63 billion in committed investments, an increase in local champions, and stronger ASEAN alignment, Malaysia is positioning itself as a neutral, indispensable node in the global chip supply chain,” it added.

CIMB affirmed that this is one of the key advantages in ensuring Malaysia remains an attractive destination for semiconductor manufacturing globally.

At lunch break, Vitrox shares went up 20 sen to RM3.99, Infomina was 11 sen better at RM1.07 and  SMRT was 6.5 sen higher at 90.5 sen

-- BERNAMA