Penang state boasts Malaysia’s most comprehensive semiconductor ecosystem, and the state government remains committed to collaborating with the federal government to attract investments in the semiconductor industry, including IC design. The state government will also make strategic investments to bolster the semiconductor ecosystem and its supply chain in the region, according to Penang Chief Minister Chow Kong Yeow.

Amazon.com Inc. plans to spend US$9 billion expanding its cloud computing infrastructure in Singapore, the latest global tech company to boost investment in Southeast Asia.

The first year of the AI PC era saw major Chinese manufacturers like Lenovo and Huawei aggressively positioning themselves in the AI PC market to capture higher market shares. Looking at the Chinese market, the second half of 2024 is expected to see a replacement wave for PCs, driven not only by the advent of AI PCs but also because domestic PC purchases made 2-3 years ago are approaching their replacement cycle.