Malaysia is looking to strengthen its role in the global AI and semiconductor industry by encouraging more chip-related companies to list on Bursa Malaysia, The Star reported Tuesday, citing Deputy Finance Minister Liew Chin Tong.
He said the Ministry of Finance is exploring ways for both foreign-linked and local semiconductor firms to go public, noting that the stock market still does not fully reflect the country's industrial strength, which is largely driven by foreign investment. More listings, he added, would help keep more capital within the local economy, according to the report.
Liew said Malaysia already has strong capabilities in parts of the chip supply chain, especially in equipment and automation, and could benefit from the global AI boom. He also said shifting supply chains away from China could create opportunities for Malaysia, alongside countries like Singapore and Vietnam, the news outlet reported.
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