SEMICON SEA 2023 Showcases CXO Summit and Engaging Forums on SMART Mobility and Sustainability
Penang, Malaysia (23 May 2023) – SEMICON Southeast Asia (SEA) 2023, the region’s premier gathering of the semiconductor and microelectronics industry, kicked off today at the Spice Arena, Penang. The conference, spanning three days, features two themed pavilions and encompasses a variety of engaging events. Among the highlights are the CXO Summit, the SMART Mobility Forum, and the Sustainability Forum, all contributing to the vibrancy and significance of this year’s event.
The CXO Summit, an integral part of SEMICON SEA, is a high-level gathering of industry leaders and executives. It provides a platform for insightful discussions on investment opportunities within the region. Esteemed speakers and participants will exchange valuable perspectives, exploring the latest advancements in the semiconductor industry and shaping its future.
Speaking at the CXO Summit of SEMICON, Ms. Lim Bee Vian, Deputy Chief Executive Officer (Investment Development) of the Malaysian Investment Development Authority (MIDA), highlighted, “MIDA has proudly collaborated with SEMI over the years and we are encouraged by the interest and turnout.” She further added “The significant investments in the E&E industry are a testament to Malaysia’s appeal as a destination for industry players. In 2022 alone, the industry attracted a total investment of RM29.3 billion from 106 projects, with an impressive 95.2 percent coming from foreign sources. We have also seen the steady growth of aspiring local companies in our industry meeting the industrial needs of the MNCs and being very much part of the global value chain.” These remarks from Ms. Lim underscore MIDA’s commitment to fostering investment and positioning Malaysia as a preferred location for the semiconductor and microelectronics industry, reflecting the success and potential of the country’s E&E sector.
Raising the excitement levels this year is the inaugural SMART Mobility Forum, as SEMICON SEA embraces the future of transportation. With countries worldwide accelerating towards a Net Zero Emission future by 2050, automotive manufacturers are revolutionising their designs, lowering costs, and pioneering sustainable solutions. Titled “Towards Investment Sustainability in the EV Ecosystem,” MIDA’s presentation spotlights Malaysia’s commitment to becoming a key player in the Electric Vehicles (EV) revolution. In collaboration with MIDA, the forum presents an unrivalled opportunity for industry leaders, policymakers, and experts to explore cutting-edge innovations, investment prospects, and government initiatives in the EV sector. Malaysia’s visionary New Energy Policy (2022 – 2040) propels the nation towards a low-carbon future, with a target of 38 per cent EV penetration by 2040, solidifying its dedication to sustainable mobility.
Meanwhile, the Sustainability Forum further elevates the discourse on environmentally conscious practices and circular industry trends. Esteemed speakers from multinational giants like Schneider, Intel, Western Digital, and STMicroelectronics converge to share best practices, foster resilient circular industries, and drive Malaysia’s sustainability efforts through green technology investments. Aligned with Malaysia’s National Investment Aspirations (NIA) and Environmental, Social, and Governance (ESG) principles, the forum reinforces MIDA’s commitment to attracting high value-added and technology-driven investments, bolstering the nation’s sustainable development goals.
As SEMICON SEA 2023 unfolds, the conference takes centre stage in propelling Malaysia’s EV ecosystem and green technology advancements to new heights. With the collaboration between MIDA and SEMI, Malaysia stands poised to capture global attention as a leader in the transition towards electric mobility and sustainable practices. SEMICON SEA 2023 not only catalyses industry growth but also cements Malaysia’s position as an innovative hub for the semiconductor and microelectronics sector.
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About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channels.
For more information, please contact:
MIDA
Ms. Noor Suziyanti Saad
Director, Electrical and Electronics Division, MIDA
Email: [email protected] | DL: +603-2267 3575
Mr. Mohd Riduan Abd. Rahman
Director, Green Technology Division, MIDA
Email: [email protected] | DL: +603-2267 6634
Mr. Nazuki Abdullah
Director, Transportation Technology Division, MIDA
Email: [email protected] | DL: +603- 2267 6688
