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The Vietnamese government has recognized the importance of this industry as a key driver of economic growth and technological advancement. With a vision to establish a robust semiconductor ecosystem, the strategy aims to attract foreign investment, enhance research and development capabilities, and foster collaboration between domestic companies and international partners.
Uzir highlighted that the LI's monthly performance reflected a positive rebound, increasing by 1.1% in July 2024, following a decline of 0.4% in June. He noted that the semiconductor imports, which contributed 1.0% to the LI, signal a resurgence in the technology sector and its related industries. The sustained performance of the LI, which consistently exceeded 100.0 points in July, demonstrates a resilient Malaysian economy bolstered by strong domestic consumption and ongoing demand from international markets.
The U.S. is reportedly considering expanding its curbs on the export of advanced semiconductor technologies to China, citing concerns over the potential military applications of these technologies.