It is impossible to exaggerate the importance of Malaysia's semiconductor sector, which acts as a spur for innovation, economic expansion, the creation of highly skilled jobs, and a competitive advantage in the international market. According to reports, Malaysia produced over 32.64 billion semiconductors in 2022—more than 29.45 billion the year before. Semiconductors, such as silicon and gallium arsenide (GaAs), are used in solar cells and electrical circuits.

 By 2023, Malaysia will hold the sixth-largest share of the global semiconductor export market, accounting for 13% of the semiconductor industry's APT services market. The semiconductor industry's considerable economic influence is demonstrated by the fact that it accounts for almost 25% of Malaysia's GDP. This demonstrates Malaysia's critical position in the global semiconductor supply chain and highlights its ability to both contribute to the economic growth of the nation and deliver necessary services.

Furthermore, the semiconductor sector will gain from the newly unveiled New Industrial Master Plan (2030), or NIMP, which is expected to serve as a major economic facilitator.

The strategic aims of the plan aim to augment Malaysia's comprehensive engagement in both front-end and back-end operations, including integrated circuit design in semiconductor systems, wafer fabrication, and semiconductor equipment production.

Essentially, the strength of the semiconductor industry not only indicates its direct economic impact but also highlights its vital importance in determining Malaysia's economic landscape and growth path.