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Tech Index Bucks Market Trend, National Semiconductor Strategy Attracts RM63 Bln In Investments

Tech Index Bucks Market Trend, National Semiconductor Strategy Attracts RM63 Bln In Investments

Barnama3 days ago
KUALA LUMPUR, July 25 (Bernama) -- The Bursa Malaysia Technology Index inched up 0.04 of a point to 52.36 while most of the other sectoral indices remained in negative territory.
This may be due to Prime Minister Datuk Seri Anwar Ibrahim's announcement yesterday that the National Semiconductor Strategy (NSS), launched in May 2024, has attracted RM63 billion in investments, comprising RM58 billion in foreign direct investments and RM5.2 billion in domestic direct investments.
'Malaysia's transition from a back-end assembly base to a design-to-packaging semiconductor hub remains a work in progress.
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