PM Anwar announces RM50m for Penang Silicon Design initiative

GEORGE TOWN, Dec 7 — Prime Minister Datuk Seri Anwar Ibrahim has announced the approval of a RM50 million allocation for the Penang Silicon Design @5km+ initiative, aimed at boosting economic growth through the development of the integrated circuit (IC) design industry in the state.

Anwar, who also serves as finance minister, made the announcement during the launch of the GBS TechSpace as the Silicon Research and Incubation Space, a key element of the initiative, at a hotel today.