KUALA LUMPUR, April 19 -- As Malaysia attempts to move away from the back end of the semiconductor supply chain production and towards the higher end of the spectrum, Second Finance Minister Amir Hamzah Azizan reportedly said that Malaysia is not worried about the competition from the United States and China.

He was quoted by the American network CNBC saying Malaysia does not foresee a rivalry forming with the duo since it would be offering a different value proposition by not going for the topmost end of semiconductor chips.

"The semiconductor space is now in the upcycle - and Malaysia will be a beneficiary of that. I think the reality of it all is, there is enough growth that will go around. So, everybody will get some pickups on that...