AMCHAM’s CEO Attends the Launch of Penang Silicon Design @5km+

A significant milestone for Malaysia’s semiconductor and AI industries unfolded on December 7, as Prime Minister YAB Dato’ Seri Utama Anwar Ibrahim and Penang Chief Minister YAB Chow Kon Yeow officially launched the “Penang Silicon Design @5km+” initiative.

Spearheaded by the Penang State Government through its agency, InvestPenang, this transformative project includes unveiling GBS TechSpace, a Silicon Research & Incubation Space, alongside RM60 million in incentives to bolster the semiconductor ecosystem. With over 40 IC design firms now based in Penang, the initiative positions the state as a global innovation hub, benchmarking against Silicon Valley and Taiwan.

Key dignitaries graced the launch, including YB Senator Datuk Seri Utama Tengku Zafrul Aziz, Minister of Investment, Trade and Industry (MITI); YB Datuk Seri Amir Hamzah Azizan, Minister of Finance II; YB Steven Sim, Minister of Human Resources; and YB Puan Lim Hui Ying, Deputy Minister of Finance.

Dato’ Siobhan Das, CEO of AMCHAM, attended as a guest, underscoring the importance of public-private collaboration in advancing Malaysia’s position in the global semiconductor ecosystem.

With its integrated ecosystem, the “Penang Silicon Design @5km+” initiative is set to propel Malaysia to the forefront of IC design and AI innovation, further cementing the nation’s leadership in global technology.

Congratulations to  Dato’ Loo Lee Lian, CEO of Invest Penang, and Dr. Hari Narayanan

Click here for the full press release