Malaysia is setting its sights on becoming a global leader in energy and semiconductor manufacturing this year, building on a surge in investments and a favorable economic outlook, according to Prime Minister Anwar Ibrahim. The country is positioning itself as a key player in Southeast Asia, attracting foreign investors as it stands out for its economic stability, robust growth, and a strong currency—factors that have set it apart from regional peers facing political and economic challenges.
At an economic forum on Thursday, Anwar highlighted the country’s strong recovery in 2024, fueled by significant investments, particularly in renewable energy and artificial intelligence (AI) infrastructure. He noted that inflation was stable, the Malaysian ringgit had remained strong, and the stock market had emerged as the region’s top performer.
For 2025, the Malaysian government aims to capitalize on the country’s strategic geographical position to strengthen its role in energy, talent, and supply chain diversification. Anwar expressed plans to refine Malaysia’s capabilities in key sectors such as oil and gas, semiconductors, and Islamic finance to establish the country as a global leader in each of these industries.
Economy Minister Rafizi Ramli also shared Malaysia’s ambition to produce its own graphics processing unit (GPU) chips, catering to the growing demand driven by AI and data center development. “We are hoping that we can start producing made-by-Malaysia GPUs and chips in the next five to 10 years,” Ramli stated.
As a major player in the semiconductor industry, Malaysia accounts for 13% of global testing and packaging. The government is targeting over $100 billion in investments for the sector, capitalizing on its potential to attract business from Chinese chip firms seeking diversification. Additionally, Malaysia has secured multibillion-dollar investments from leading companies such as Intel and Infineon, alongside digital investments from tech giants like Google. These moves have contributed to the country’s impressive economic growth in 2024, surpassing market expectations and making the ringgit one of Asia’s top-performing currencies.
