Malaysia is unfazed by China, U.S. semiconductor competition, minister says
Summary
Kuala Lumpur or commonly known as KL is the national capital for Malaysia and is the fastest growing metropolitan regions in South-East Asia. (Photo by Faris Hadziq/SOPA Images/LightRocket via Getty Images) Malaysia isnt fazed about competition from China or the U.S. as it pushes into higher-end semiconductor manufacturing, according to the countrys second finance minister. "The semiconductor space is now in the upcycle — and Malaysia will be a beneficiary of that," Amir Hamzah Azizan told CNBCs Karen Tso at the IMF spring meetings in Washington on Wednesday. He also noted the country doesnt see China — which is Malaysias largest trading partner today — as a rival in the sector. If anything, Amir Hamzah explained, the recent geopolitical tensions have shown it is critical for supply chains to remain robust.