Penang, Malaysia, has positioned itself as a major manufacturing hub for global semiconductor and medical device companies, also known as the ‘Silicon Valley of the East’. Since the 1970s, Japanese companies have established a presence here, with a recent emphasis on semiconductor strategy and IC design to address both local and global industry demands. The government recognizes a critical need for domestic talent development due to escalating investor competition for engineers and IT professionals, thus launching initiatives for high-value industry development in response to a nationwide push for enhanced semiconductor capabilities.
Programs like the ‘Penang Silicon Design @5km+’ initiative aim to create an ecosystem for IC design education and collaboration. This includes partnerships with local institutions to foster a skilled workforce and align educational programs with industry requirements to ensure that graduates are well-equipped with necessary skills for employment. Additionally, investment incentives and tax benefits are being integrated to bolster the local economy and attract foreign investment.
The geopolitical landscape, especially the dynamics between the U.S. and China, has further positioned Penang as a strategic player, offering a neutral ground for multinational businesses. By strengthening its educational framework and industry ties, Penang aspires to evolve into a model city that supports international cooperation, aiming to build a sustainable future in technology.
👉 Pročitaj original: CIO Magazine
