Penang rolls out RM2m annual subsidy to boost IC design sector

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GEORGE TOWN, Sept 28 — To attract and support more Integrated Circuit (IC) design players establishing and expanding the...

Meanwhile, Chow also announced the formation of an Executive Council for the project, which he will chair as Penang Chief Minister.

He said this funding is planned to span five years, with RM31.5 million submitted to the MOF via the Ministry of Investment, Trade and Industry (MITI) for inclusion in Budget 2025, while the remaining amount will be requested under the 13th Malaysia Plan.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaCuba

Topics: Integrated circuit design hub Penang Subsidy Chow kon yeow

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News Sentiment: Negative

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Article Type: News Report

Published On: 2024-09-28 @ 18:47:32 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 523 words

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News ID: 22759483

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