Khazanah Nasional to Increase Investment in Energy and Semiconductor Sectors in Malaysia
Khazanah Nasional Bhd plans to boost investments in Malaysia's energy and semiconductor sectors to support the growing demand for artificial intelligence (AI). The Managing Director emphasized the need for resilient energy supply and infrastructure to enhance competitiveness, while the government aims for semiconductor investments of at least 500 billion ringgit by 2024, backed by significant fiscal incentives.
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Khazanah Nasional Bhd plans to increase capital to enhance Malaysia's electricity system and support domestic semiconductor companies, driven by the demand for artificial intelligence (AI). The Managing Director, Amirul Feisal Wan Zahir, highlighted the importance of energy supply and resilience in electric networks as key factors for competitiveness during an interview at the World Economic Forum in Davos.
Khazanah aims to focus on supporting infrastructure, particularly in the energy sector, to meet the growing AI infrastructure needs. Additionally, it is looking to finance local semiconductor firms to improve their positions in the global value chain, especially in advanced packaging. The Malaysian government targets semiconductor investments of at least 500 billion ringgit (approximately US$123.4 billion) by 2024, supported by fiscal incentives of at least US$5.3 billion.
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