As a half of its strategy to become a data hub, Malaysia’s Minister of Investment, Trade and Industry, Tengku Zafrul Abdul Aziz, is looking for to draw tech giants Microsoft and Google to establish operations in the nation. Amid escalating tensions between the United States and China, Malaysia goals to place itself as a impartial provide chain base.
Tengku Zafrul acknowledged that Malaysia is “slowly establishing ourselves” as a data centre hub, and the nation is looking to entice as many multinational companies (MNCs) as possible. However, Malaysia faces competition from Southeast Asian neighbours Thailand and Vietnam, who’re additionally vying to draw MNCs in search of new bases exterior of China.
“We are seeing lots of realignment of provide chain, you know, taking a glance at resiliency and safety coming to this area,” Tengku Zafrul said.
Spoiler s proven ecosystem over the past 50 years as an element that influenced US electric vehicle producer Tesla’s determination to ascertain a base in the nation. Tengku Zafrul believes that Malaysia’s standing as a semiconductor hub can be advantageous in appealing to MNCs navigating complicated geopolitics.
“We have to be opportunistic generally,” he mentioned. “We are within the place of being impartial and being part of the critical supply chain. Malaysia has been a net beneficiary.”