#Malaysia has become a hotspot for global #electronics & #semiconductor investment, with country's electrical & electronics export seeing a sharp increase of 54.2%. However, the surge of electronics & semiconductor investment in Malaysia is sharply contrasted with low #unionization; only 6% of all #Malaysian#workers are #unionized, the majority in the public sector.
Malaysia emerges as a hotspot for semiconductor firms amid U.S.-China chip tensions.
CNBC reports: "Intel, GlobalFoundries and Infineon are some of the chip makers that have set up or expanded operations in Malaysia over the last few years."
During the roundtable, the Secy emphasized the impact that investments like the #CHIPS & #Science Act have had on revitalizing #semiconductor#manufacturing in the #UnitedStates & the opportunity for catalyzing private #investment in #CostaRica & the #Western Hemisphere. Secy Raimondo, Mins Tovar & Bogantes also heard from participants about opportunities across the semiconductor #ValueChain & the role of partners, like Costa Rica, in strengthening global semiconductor #SupplyChain resilience.
The White House plans to invest $5B+ from the CHIPS Act in "semiconductor-related research", including in the National Semiconductor Technology Center.