Malaysia aims to double global market share of overall chip trade by 2029 amid US-China rivalry

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KUALA LUMPUR - Malaysia, already a major player in the chip industry, is aiming high as it wants to move up the value chain into chip design, and double its global market share of the overall semiconductor trade in five years, said a top government official at the state agency driving the country’s hoped-for transition into a regional digital hub. Becoming a “chip-design powerhouse” could grow Malaysia’s overall stake in the global semiconductor trade from 7 per cent currently to 14 per cent by 2029, Mr Yong Kai Ping, chief executive of the Selangor Information Technology & Digital Economy Corporation...