Penang’s Semiconductor Crossroads: Navigating Global Trends and Industrial Upgrading
By Philip Khor
January 2025 FEATURE
THE WORLD SEMICONDUCTOR TRADE STATISTICS (WSTS) forecasts 16% year-on-year growth for the global semiconductor market in 2024, with the Asia Pacific region growing by 17.5%.[1] This robust market expansion is led by the demand for advanced processing to power artificial intelligence applications across data centres and consumer devices.[2]Malaysian electronics and electrical (E&E) firms are projecting continued confidence in their performance for the second half of 2024.[3] Penang, in particular, has emerged as a key player in this global semiconductor boom....
Philip Khor
is a Visiting Data Scientist at Penang Institute with a background in financial sector regulatory modeling, technical writing and enterprise data science training.
His interests include labour and health economics, the ethics of artificial intelligence and climate policy.
