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Entrepreneur and Cooperatives Development Minister Steven Sim has urged Malaysian companies to prioritise quality, innovation and safety over price competition, supporting a strategic shift toward home-grown product design and development.
ABIM has called on the government to establish a National Innovation Ecosystem Security Policy following the Network School controversy, seeking to balance Malaysia's openness to global investment with safeguarding national sovereignty.
The Malaysian government is investing RM185 million through the Malaysia Science Endowment to commercialise advanced semiconductor packaging technology within two years, strengthening local industry capacity and reducing dependence on foreign expertise.