Penang, Malaysia, 30 April 2025 – Compliance and submission to the sanctions is rapidly rising to become one of the top three operational obsctacles for the semiconductor industry, following insights shared at a high-level symposium co-hosted by the Malaysia Semiconductor Industry Association (MSIA) and Deloitte.
Held under the theme of “Strengthening Sanctions Compliance in the Global Semiconductor Sector”, the event in Penang as communicated its message towards industry leaders and trade compliance experts regarding the growing and ever=expanding inner workings of international sanctions and its implications for Malaysia’s semiconductor ecosystem.
The key issues discussed within the event included export controls, dual-use technologies, supply chain transparency, and end-use/end-user monitoring. The participants has repeatedly emphasised the need for clearer compliance protocols and stronger collaborations between industry and government.
Jules Colborne-Baber, Partner at Deloitte and Head of Forensic, noted:
“Sanctions compliance is now an operational imperative. Today’s dialogue shows the sector’s proactive stance in managing risks while maintaining innovation and competitiveness.”
Dato’ Seri Wong Siew Hai, MSIA President, also added:
“Malaysia must be both competitive and compliant to lead globally. This collaboration with Deloitte enhances our readiness and reinforces our position as a trusted technology hub.”
The insights within the symposium shall educate the needs of development of practical guidance to support compliance, supply chain resilience, and sustainable global trade. And thus ensuring the industry’s survival amidst rapidly antagonistic tariffs.
