Malaysia plans to invest as much as $150 billion over the next five years in equipment from US firms across the semiconductor, aerospace, and data center sectors as part of its trade deal with the US, Reuters reported Monday, citing Malaysia's Trade Minister Tengku Zafrul Aziz.

The announcement follows US decision to impose a 19% tariff on Malaysian goods starting Aug. 8, lower than the 25% originally proposed, the report said.

Malaysia's state energy company Petroliam Nasional Berhad will also buy $3.4 billion worth of US liquefied natural gas annually, while Malaysia commits $70 billion in cross-border investments to reduce the bilateral trade gap, the minister told parliament, according to Reuters.

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