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Malaysia is doubling down on the chip industry to capture growth in EVs

Malaysia is doubling down on the chip industry to capture growth in EVs

Tesla Inc. signage during a launch of company’s Model Y electric vehicle in Kuala Lumpur, Malaysia, on Thursday, July 20, 2023.

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Malaysia is doubling down on the semiconductor industry to capture growth in the growing electric vehicle market.

In an exclusive interview with CNBC’s “Squawk Box Asia” on Thursday, Trade and Industry Minister Zafrul Aziz pointed out that EV makers procure components from Malaysia…


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