According to the US Ambassador, United States companies have made investment pledges totaling RM100 billion in various sectors in Malaysia over the past 18 months. These investments are significant and align with the US goal of strengthening its presence in key sectors such as electronics, semiconductors, and data centers, which are experiencing substantial growth.
The influx of US investments into Malaysia is a positive development for both countries, particularly highlighted by the Covid-19 pandemic. It has become evident that Malaysia plays a crucial role in the global supply chain, with many US factories relying directly on products manufactured in Malaysia. This mutually beneficial economic relationship has been cultivated and continues to thrive.
Furthermore, the US Ambassador mentioned that most US companies that have invested in Malaysia have also reaped the benefits of adopting the latest technologies introduced into the country. This demonstrates Malaysia’s commitment to economic integration within the ASEAN region and its constructive role in fostering collaboration and growth.