SME News | More foreign companies moving manufacturing facilities from China to Malaysia

As trade tensions continue to simmer between Beijing and Washington, foreign companies are moving their manufacturing facilities out of China in a bid to establish production hubs in other nations.
This strategy - known as China Plus One, where companies diversify their business outside of China - has greatly benefited Malaysia, which has grown to become the sixth-largest exporter of semiconductors in the world.
It has had a 50-year head start in the sector since Intel set up its first international manufacturing plant in the northern state of Penang. The United States chip giant is also building another factory in Penang, which will become the company’s first overseas facility for advanced 3D chip packaging.
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