Comment on Malaysia wants to become Asia's Silicon Valley. This time, investors and founders say it's got a shot.

Malaysia wants to become Asia's Silicon Valley. This time, investors and founders say it's got a shot.

Under Prime Minister Anwar Ibrahim, Malaysia is angling to become the Silicon Valley of Asia.Marcus Brandt/picture alliance via Getty Images; Chelsea Jia Feng/BIAs Malaysia enters a period of political stability, its new dream is to become a regional tech hub.Investments and startups are flowing into the country, but it's still early days.Despite its last tech mega-project failing, insiders told BI they see a winning plan this time.Kean Wei Kong's hands snapped from the wheel as we hit the highway in the midday rain.His sedan, a Malaysian-made Proton S70, kept cruising on its own, flowing with the traffic snaking into Kuala Lumpur.The bespectacled 28-year-old, a former insurance salesman, was taking me for a spin of what he and two college friends were selling: a plug-and-play dashcam that uses AI to drive your family car.Their company is Kommu, one of the 4,000 Malaysian startups the federal government hopes will form a key pillar of a new Asian tech boom.

 

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