PENANG and Canada are exploring opportunities for closer collaboration, leveraging Penang’s established strength in semiconductor manufacturing and Canada’s focus on enhancing supply chain resilience.
Penang, often referred to as the ‘Silicon Valley of the East’, is a key hub in the global semiconductor industry, housing numerous multinational corporations and boasting a robust ecosystem for chip design, assembly, and testing.
Meanwhile, Canada has prioritised diversifying and strengthening its critical supply chains, including those for semiconductors, as part of its broader economic and security strategies.
The courtesy call by High Commissioner of Canada to Malaysia Jodi Robinson on Penang Chief Minister Chow Kon Yeow at the Penang Legislative Assembly building today, underscored the significant potential for mutual benefits between Canada and Penang.
“Penang’s advanced manufacturing capabilities and skilled workforce align with Canada’s ambitions to secure a reliable supply of semiconductors, a critical component in modern technology sectors ranging from automotive to telecommunications.
“On a broader scale, Malaysia is a highly attractive destination for investment.
“However, we need to explore ways to enhance its visibility, as Malaysia is not yet widely recognised among Canadian investors.
“Malaysia offers robust infrastructure, reliable energy resources, and a population proficient in English across the country, making it an ideal investment hub,” Robinson said.
In response, Chow mentioned that Penang owes much of its success to the foresight and strategic decisions made by past leaders who charted a forward-thinking path for the state.
“Penang remains a private-driven state where public-private partnerships play a crucial role in fostering economic growth and innovation.
“While we have made great strides, we acknowledge the challenges we face, particularly in ensuring sustainable water supply to meet the demands of our growing industries and population,” Chow said.
He added that Penang is committed to working with the Federal Government and stakeholders to address these challenges and further enhance its position as a global hub for investment and innovation.
Story by Christopher Tan
Pix by Law Suun Ting