Friday 29 Mar 2024
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KUALA LUMPUR (March 29): The Malaysian electrical and electronics (E&E) industry is expected to flourish even further and by 2020, is expected to generate a gross national income impact of RM53.4 billion and create 157,000 jobs. 

In a joint statement yesterday, the Malaysian Investment Development Authority (MIDA) and the US-based Semiconductor Equipment and Materials International (SEMI) said growth will be primarily supported by the megatrend of the IoT (Internet-of-Things) that has multiple applications and increased use of wearable gadgets, smart home applications, automotive industry and artificial intelligence (AI) technologies.

SEMI and MIDA will bring SEMICON Southeast Asia to Malaysia from 7-9 May 2019, at Malaysia International Trade and Exhibition Centre (MITEC).

MIDA chief executive officer Datuk Azman Mahmud said MIDA is committed to attracting high quality and high technology investments into the country.

“We find SEMI Southeast Asia’s goals through this upcoming flagship event to be in line with our aspirations to encourage the development of the entire manufacturing ecosystem.

“This valuable platform also provides opportunities for potential investors to explore what Malaysia could offer as an ideal investment destination,” he said.

Meanwhile, SEMI Southeast Asia president Ng Kai Fai said that globally, SEMI foresees that the semiconductor market revenue will continue its healthy trajectory over the coming years amid a softening in 2019 given the rapid pace in the development of smart manufacturing, consumer technologies, autonomous vehicle, wireless communications and AI enabled by the IoT.

“The E&E industry has a long history in Southeast Asia’s prosperity and is a significant part of Malaysia’s economic engine of growth.

“Against the backdrop of a semiconductor renaissance, as many would term it, E&E players around the world are leveraging on Industry 4.0 or Smart Manufacturing to increase productivity and achieve further growth without compromising on quality, cost or speed,” he said.

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