SME News | PM Anwar : Malaysia to train, upskill 60,000 engineers, allocate RM25b in fiscal support

Malaysia is aspiring to train and upskill 60,000 high - skilled local engineers, in a bid to boost the local semiconductor sector, Prime Minister Datuk Seri Anwar Ibrahim said.
In his speech at Semicon South - east Asia here, Anwar said that this is one of the five salient features of Malaysia’s National Semiconductor Strategy (NSS).
He also said that the Malaysian government will allocate at least RM25 billion in fiscal support to operationalise the NSS with targeted incentives, details of which will be announced by the Ministry of Investment, Trade and Industry (Miti).
“Technology is evolving rapidly, with adoption rates speeding up exponentially. For example, Netflix took three and a half years to reach a million users, Facebook took 10 months, Instagram took two and a half months, and ChatGPT took just five days. Hence, we need to be agile and adaptable by strengthening our foundations to different contexts and circumstances.
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