Miti will finalise a strategic plan for Malaysia's semiconductor industry by the end of May to ensure competitiveness, says Minister Tengku Zafrul Aziz. This plan aims to attract international semiconductor companies, address infrastructure, talent, and incentives, and keep Malaysia relevant in the value chain. Despite a global downcycle, Malaysia’s semiconductor exports grew 0.03% to RM387.45 billion in 2023, contributing 7% of global semiconductor trade and 13% of backend operations.