Penang Chief Minister Chow Kon Yeow pointed out that Penang cannot be overly dependent on the semiconductor industry and must seek alternative paths in light of the current “US-China tariff war.”
“We need to undergo another transformation in order to reduce our reliance on the semiconductor industry.”
On Monday (19th), during the oral question session in the Penang State Assembly, Chow said that while Malaysia has a diversified economic system, Penang does not possess many natural resources. Reflecting on its development history, Penang has indeed been overly reliant on industry, with no other viable options.
“However, we can also enhance skills, expand, and optimize local companies and small and medium enterprises (SMEs).”
He believes that the halal industry could be another potential path forward. He hopes that it will not remain merely at the memorandum of understanding (MoU) stage, and under the leadership of Deputy Chief Minister I, Datuk Mohd Abdul Hamid, tangible results can be achieved.
https://www.kwongwah.com.my/?p=1641858
Penang cut semicon dependency, explore more Halal
May 20 2025, 10:55 AM, updated 7 months ago
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