Penang, Malaysia, once known as the 'Silicon Valley of the East', is poised to launch a new wave of development in the field of technology. Faced with the booming development and fierce competition of the global semiconductor industry, the Penang state government is determined to vigorously promote the development of high-end semiconductor manufacturing, aiming to revive the glorious title of "Oriental Silicon Valley" by 2032.

Recently, although there have been reports that American tech giant Intel may reduce its business scale in Malaysia, bringing some uncertainty to the market, Penang State Governor Cao Guanyou expressed confidence that Penang still has the strength to stand out in the technology field. He emphasized that Penang will actively respond to regional competition and challenges from other states in the country, utilizing the strategic advantage of "China Plus One" to attract more high-quality enterprises to settle in.

The strategic competition between the United States and China has brought us unprecedented opportunities, "Cao Guanyou pointed out in an interview." We have received numerous relevant inquiries, but we will carefully choose our partners to ensure that these enterprises can smoothly integrate into Penang's technology ecosystem. "This selective investment strategy not only reflects the Penang state government's thoughtful consideration for future development, but also lays a solid foundation for its long-term development in the semiconductor field.

In specific measures to promote the development of the semiconductor industry, the Penang state government has planned an advanced 3D packaging and testing facility project in the southeastern town of Perak. Although the project may face a reduction of 2000 job positions in the early stages, Cao Guanyou said that this will not be an obstacle to development. We will actively coordinate to ensure a smooth transition of layoffs and provide sufficient human resources support for newly settled enterprises. He also revealed that the Penang state government is actively addressing infrastructure construction issues such as space, energy, and power supply to better support the development of the semiconductor industry.

In order to alleviate the problem of tight power supply, Penang state is investing $100 million to promote a 275 kV transmission project. In addition, three new water treatment plants and reservoirs are being built intensively in the local area to ensure the safety and adequacy of water resources. The improvement of these infrastructures will provide strong support for the rapid development of Penang's semiconductor industry.

The Penang state government will continue to increase investment in the semiconductor field, actively introduce advanced technologies and management experience from both domestic and foreign sources, and promote industrial upgrading and transformation. At the same time, they will also strengthen cooperation and exchanges with domestic and foreign research institutions to jointly promote the research and innovation of semiconductor technology. Through these efforts, Penang is expected to occupy a more important position in the global semiconductor industry and become a new engine leading technological development.