WASHINGTON, DC (May 13): Malaysia has secured nearly RM2 billion investment via semiconductor company TF AMD Microelectronics (Penang) Sdn Bhd following the handover of the Malaysian Investment Development Authority’s (MIDA) approval letter to the company on Thursday (May 12). According to Azmin, TF AMD has invested about RM900 million in Malaysia to date. “TF AMD has played an integral role in developing the capacity and capability we witness in Malaysia's semiconductor ecosystem today. “I am optimistic that this partnership will see another 50 years and I look forward to be on this growth journey with TF AMD. “To TF AMD, I say, 'We value your partnership, and we look forward to another 50 years in Malaysia,'” he tweeted.

Source: The Edge Markets May 13, 2022 16:51 UTC