Foreign investment in the semiconductor industry boosts the thriving Penang technology construction industry
Report: Lim Di Sheng
Penang, as Malaysia's traditional center for the electrical and electronics (E&E) industry, is considered one of the most promising economic development centers in Malaysia, and is even referred to as the "Silicon Valley of the East" by some.
In the current expected upturn in the global semiconductor industry, CIMB Investment Bank takes the opportunity to explore the prospects of Penang as the locomotive of Malaysia's technology industry.
At the same time, supported by key infrastructure projects such as the light rail transit (LRT), the prospects for Penang's real estate and construction market also look bright and are worth discussing.
And enhance its related competitiveness.
"Penang already has a strong foundation in high-tech industries and manufacturing. If it expands into higher value-added areas, including research and development, design, and innovation, we believe that it will enhance the state's competitiveness, move towards the upstream of the value chain, and create more technical jobs, bringing higher incomes to local residents."
The analyst also stated that Penang's mature manufacturing base makes it a perfect location for vertical integration in the global value chain.
"By vertically integrating the various stages of production, from design to manufacturing to transportation, Penang can reap more value from the entire value chain and make a greater contribution to the global value chain."
He added that this also means that Penang can play a more important role in various technology and industrial value chains, attracting more investment from multinational technology companies.
In fact, the analyst pointed out that in recent years, Penang has attracted...