Latest news with #ZafrulAbdulAziz
BusinessToday
4 hours ago
- Business
- BusinessToday
Malaysia Courts Silicon And Scalpel Giants In San Francisco
Malaysia's global investment drive continues to gain momentum, with two major US tech firms, Halo Industries and Intuitive Surgical, exploring opportunities to set up operations in the country, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. In a Facebook post during his visit to San Francisco, Zafrul revealed that Halo Industries, a leading American semiconductor player, is considering expanding to Malaysia — a move he said would elevate the nation's role in the global semiconductor supply chain. This aligns with Malaysia's National Semiconductor Strategy (NSS) and the New Industrial Master Plan 2030 (NIMP2030). 'Not the Halo game, but Halo Industries, one of the leading semiconductor companies in the United States,' Zafrul quipped in his post, thanking the company for its trust in Malaysia. In a separate engagement, the minister also met with executives of Intuitive Surgical, a company behind advanced robotics and AI-driven surgical platforms. Discussions focused on Malaysia's potential as a high-tech investment hub for the medical technology sector. Zafrul said the government, through MITI and the Malaysian Investment Development Authority (MIDA), is fully committed to supporting such initiatives, which are expected to create high-skilled jobs and drive sustainable economic growth. 'The Malaysian government, through MITI and MIDA, is committed to fully supporting this effort,' he said. Related
The Star
7 hours ago
- Business
- The Star
US tech giant's investment to continue driving Malaysia's AI economy, strengthen cybersecurity, says Tengku Zafrul
KUALA LUMPUR: Tech giant Google's investment in Malaysia is expected to continue driving Malaysia's artificial intelligence (AI) and cloud computing economy, says Tengku Datuk Seri Zafrul Abdul Aziz. The Investment, Trade and Industry Minister, who is currently on a working visit to Washington, United States, met with Google representatives to discuss how the company can continue to drive AI development in Malaysia, strengthen cybersecurity and invest in digital skills. "The government is committed to providing full support and ensuring a conducive investment climate for high-quality investments," he said in a Facebook post. He added that Google's strategic investment of RM9.4bil to set up its first data centre and Google Cloud region in Malaysia is expected to generate RM15.04bil in long-term economic impact and create 26,500 jobs by 2030. "Thank you, Google, for your continued confidence in Malaysia. Together, we are building a brighter digital future," he said. - Bernama
The Sun
8 hours ago
- Business
- The Sun
Google's RM9.4 billion AI, cloud investment to boost Malaysia
KUALA LUMPUR: Tech giant Google's investment in Malaysia is expected to continue driving Malaysia's artificial intelligence (AI) and cloud computing economy. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, who is currently on a working visit to Washington, United States, met with Google representatives to discuss how the company can continue to drive AI development in Malaysia, strengthen cybersecurity and invest in digital skills. 'The government is committed to providing full support and ensuring a conducive investment climate for high-quality investments,' he said in a Facebook post. He added that Google's strategic investment of RM9.4 billion to set up its first data centre and Google Cloud region in Malaysia is expected to generate RM15.04 billion in long-term economic impact and create 26,500 jobs by 2030. 'Thank you, Google, for your continued confidence in Malaysia. Together, we are building a brighter digital future,' he said.
The Sun
8 hours ago
- Business
- The Sun
Google's investment to continue driving Malaysia's AI economy, strengthening cybersecurity
KUALA LUMPUR: Tech giant Google's investment in Malaysia is expected to continue driving Malaysia's artificial intelligence (AI) and cloud computing economy. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, who is currently on a working visit to Washington, United States, met with Google representatives to discuss how the company can continue to drive AI development in Malaysia, strengthen cybersecurity and invest in digital skills. 'The government is committed to providing full support and ensuring a conducive investment climate for high-quality investments,' he said in a Facebook post. He added that Google's strategic investment of RM9.4 billion to set up its first data centre and Google Cloud region in Malaysia is expected to generate RM15.04 billion in long-term economic impact and create 26,500 jobs by 2030. 'Thank you, Google, for your continued confidence in Malaysia. Together, we are building a brighter digital future,' he said.
The Star
3 days ago
- Business
- The Star
Malaysia hopes for collaborative deal following US tariff talks
Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz KUALA LUMPUR: Malaysia hopes the upcoming tariff negotiations with the United States (US) will result in a new cooperation arrangement, said Deputy Minister of Investment, Trade and Industry (MITI) Liew Chin Tong. MITI Minister Tengku Datuk Seri Zafrul Abdul Aziz is currently in Washington to hold discussions with US Trade Representative (USTR) Jamieson Greer. "Tengku Zafrul has mentioned last week (that) broadly we hope there will be a collaborative effort in shaping the new arrangement. "But we will wait for (the outcome of) the negotiations,' Liew told reporters after a panel session on 'Deciphering Malaysia's Investment Cycles' at the Sasana Symposium 2025 hosted by BNM today. It was reported that Tengku Zafrul was scheduled to visit the US today to resume negotiations over tariffs imposed on Malaysian goods and was expected to meet Greer as well as other US government officials and investors. Tengku Zafrul will also take the opportunity to engage with several business chambers, companies and interest groups, including the American Malaysian Chamber of Commerce (AMCHAM) and the US-ASEAN Business Council. On April 24 this year, Tengku Zafrul led a high-level delegation to Washington, where he held talks with US Commerce Secretary Howard Lutnick and Greer. Malaysia has expressed its readiness to negotiate in four key areas: narrowing the trade deficit, addressing non-tariff barriers, strengthening technology protection and security, and exploring the potential for a bilateral trade agreement. On April 2, US President Donald Trump announced tariff measures affecting around 60 countries, including a 24 per cent levy on most Malaysian goods. However, the tariffs have been temporarily suspended for 90 days -- until July 8 -- for most countries to allow room for trade negotiations. - Bernama
