SAN FRANCISCO: Malaysia has secured RM63.02bn in proposed investments in the US, primarily from technology giants, according to Prime Minister Datuk Seri Anwar Ibrahim.
The majority of the funds came from trade missions and meetings with companies like Google, Enovix Cooperation, Microsoft, TikTok, and TPG.
According to Bernama, Malaysia is also courting electric vehicle players and focusing on technology transfer and training.
The Prime Minister said the investments from the trade mission are from Abbott Laboratories, Mondelez International, Amsted Rail, Hematogenix, PerkinElmer, Ford Motor Company, Boeing, Amazon Web Services, Enovix and Lam Research.
“The remaining (investments) have been secured from one-on-one meetings with technology giants such as Google, Enovix Cooperation, Microsoft, TikTok as well as TPG,” he told the media at /the end of his official visit to the United States.
TikTok’s investment is quite big, he said, adding that it all boils down to how fast Malaysia approves these investments.
“And taking into consideration any necessary approval and incentives. I emphasise the issue of technology transfer, training so that our capabilities in the fields we explore are more advanced and challenging,” he said.