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Strengthening China Ties Would Bolster Malaysia’s Chip, Renewables Supply Chains, Minister Says

Published: Dec. 19  8:02 p.m.  GMT+8
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Rafizi Ramli, Malaysia’s economy minister. Photo: VCG
Rafizi Ramli, Malaysia’s economy minister. Photo: VCG

Malaysia’s economy minister said strengthening cooperation with China would help the country bolster its semiconductor and renewable energy supply chains, as Chinese chip companies increasingly look to the Southeast Asian nation amid tighter U.S. export controls.

Describing China as a “close neighbor,” Rafizi Ramli said at the Malaysia-China Summit in Kuala Lumpur on Wednesday that “the closer and better your neighbors become, the more resilient your supply chain will be in the long run.”

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  • Malaysia aims to strengthen its semiconductor and renewable energy supply chains by cooperating with China, as Chinese chip companies seek expansion abroad due to U.S. export controls.
  • The Malaysian government plans to attract foreign talent and boost local innovation to overcome a middle-income trap and transition into a high-income country.
  • The 13th Malaysia Plan will emphasize technology collaboration and increased productivity through innovation to enhance Malaysia’s economic standing.
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What Happened When
February 2024:
Malaysian Minister of Investment, Trade, and Industry Tengku Zafrul Aziz said Malaysia should implement measures to attract more foreign talent.
As of December 18, 2024:
Malaysia's economy minister Rafizi Ramli spoke at the Malaysia-China Summit in Kuala Lumpur, stressing the importance of strengthening cooperation with China for semiconductor and renewable energy supply chains.
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