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Intellectual property (IP) is a critical issue in the Malaysian manufacturing industry, where companies invest substantial resources in research and development to create new products

image text in transcribed Intellectual property (IP) is a critical issue in the Malaysian manufacturing industry, where companies invest substantial resources in research and development to create new products and processes. Without IP protection, companies may be less likely to invest in innovations, which can ultimately hurt the overall competitiveness of the industry. Therefore, the Malaysian government has implemented various laws and regulations to protect IP, including patents, trademarks, and copyrights, to encourage companies to innovate and invest in research and development. By protecting intellectual property, companies can gain a competitive advantage and increase their market share. Additionally, IP protection can encourage collaboration and licensing deals between companies, leading to increased innovation in the Malaysian manufacturing industry. I. Give your opinion on how intellectual property can help or hinder innovation.|

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