July 29, 2024 /SemiMedia/ -- According to the report, Malaysia plans to double its exports of semiconductor devices to 1.2 trillion ringgit (about $257 billion) by 2030.

Wong Siew Hai, president of the Malaysian Semiconductor Industry Association, said the goal would consolidate Malaysia's position as the world's sixth-largest chip exporter.

“We estimate that we will need 300,000 talents to achieve this goal,” said Wong Siew Hai.

However, Malaysia is facing a shortage of local talent and is now resorting to recruiting talent from overseas.

According to data released by Malaysia, Malaysia exported semiconductor devices worth RM593 billion and RM575.45 billion in 2022 and 2023 respectively.