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Semiconductor Fabrication Association of Malaysia chairman Dr David Lacey has been appointed British Honorary Consul in Penang, replacing Datuk Robert Hawkins after 20 years of service.
Prime Minister Anwar Ibrahim has called for strategic coordination among Bumiputera development agencies in Penang to position the state as a leader in Bumiputera economic participation, backed by RM5 million for semiconductor sector expansion.
Apple has dethroned Nvidia as the world's most valuable company, valued at $4.88 trillion, as investors reassess artificial intelligence investment priorities and favour companies positioned to monetise AI through services and ecosystem control.
Melaka's semiconductor industry, valued at RM17.6 billion, has evolved from a modest 1970s operation into a global manufacturing powerhouse. Chief Minister Ab Rauf Yusoh attributes continued growth to strategic location, skilled talent, and investor confidence amid intensifying global competition.