The chief minister of Penang told CNA that the state remains a magnet for big U.S. and Chinese multinational companies. He highlighted growing interest from firms in both markets, which could boost local jobs and technology.
However, industry analysts warn that a heavy tariff from Washington on semiconductors could erode Penang’s place in the global supply chain. They say that higher costs could push companies away from the region, slowing growth and reducing the state’s influence in the electronics market.
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