Malaysia’s Khazanah to steer more capital to power grids, chip firms, chief says in Davos

Malaysia’s sovereign wealth fund Khazanah Nasional ‍Bhd plans to channel more capital into strengthening the power system and supporting local semiconductor firms ⁠as AI drives the next investment cycle, its chief told Reuters on Monday.

Surging AI computing needs were reshaping what is “investable” in the AI boom, with energy supply and grid resilience being central to ‌competitiveness, Khazanah ‌Managing Director Amirul Feisal Wan Zahir said in an interview at the World Economic Forum’s annual meeting in Davos.