SEMICON Southeast Asia 2024 to Drive Investment Opportunities for Malaysia
Kuala Lumpur, 29 May 2024 – The electrical and electronics (E&E) industry in Southeast Asia is experiencing a significant surge in investment opportunities, driven by rapid technological advancements and a robust economic landscape. Malaysia, in particular, stands out as a prime destination for investors looking to capitalise on the thriving E&E industry within the region.
In 2023, Malaysia’s manufacturing sector attracted a total of RM152 billion in approved investments, with E&E industry, securing the lion’s share of investments with RM85.4 billion. Ranked sixth globally for semiconductor exports, Malaysia plays a critical role in the global E&E supply chain. The nation is responsible for 7.0 per cent of the global semiconductor trade and 13 per cent of global chip assembly, testing and packaging activities.[1] Furthermore, six out of the twelve (12) largest semiconductor companies currently operate in Malaysia, underscoring its strategic importance and attractiveness as a hub for major industry players.
In response to this growing interest, SEMICON Southeast Asia 2024 will feature INVEST@Southeast Asia Pavilion, a dynamic platform for investment agencies or organisations to connect with potential investors keen on exploring opportunities in Malaysia. This platform will see the active participation of the Malaysian Government’s central investment promotion agency (IPA) – Malaysian Investment Development Authority (MIDA), Selangor State’s IPA – Invest Selangor, and other agencies. These agencies will showcase the myriad investment opportunities available in Malaysia.
Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, expressed, “We are steadfast in our commitment to position Malaysia as a premier investment destination, particularly in the thriving E&E industry. With our investor-friendly policies, well-established infrastructure, and highly skilled talent pool, Malaysia offers an ideal environment for businesses seeking to establish and broaden their presence in Asia. We are prepared to facilitate and accommodate advanced technologies brought by our investors. Innovations such as nanometre technology, new semiconductor materials, sustainability-based processes, artificial intelligence (AI), and IoT-driven features are bifurcating and gaining significant momentum here. As global leaders, it is imperative to stay ahead of the curve, and Malaysia’s supportive environment propels us towards this goal. We are all the more ambitious than ever and look forward excited to showcasing Malaysia’s position as a strategic hub for innovation and investment at SEMICON Southeast Asia 2024.”
YBhg Dato Hasan, CEO of Invest Selangor Berhad said, “Selangor offers a multitude of investment opportunities, apart from being a great place to work and live. Its robust economic growth is propelled by rich natural resources, world-class land, sea, and air connectivity, and unrivalled urban commercialisation – an advanced commercial ecosystem. We are thrilled to partner with SEMI Southeast Asia and showcase Selangor’s attractiveness as an investment destination through industrial park visits to Elmina Business Park and Eco World Business Park V, we aim to demonstrate the conducive business environment and abundant opportunities available in Selangor.”
Linda Tan, President of SEMI Southeast Asia said, “We are appreciative of the unwavering support we have received from both MIDA and Invest Selangor as our strategic partners. Their collaboration and dedication towards driving investment opportunities during SEMICON Southeast Asia 2024 play a key role in attracting participants to the show.”
“With their unwavering support, we are confident SEMI Southeast Asia 2024 will be a dynamic platform for industry leaders, innovators, and stakeholders to come together, exchange ideas, and explore the latest trends and opportunities in the electronics industry. We look forward to a fruitful partnership as we collectively shape the future of electronics in Southeast Asia.”
SEMICON Southeast Asia 2024 will be held from May 28 to 30, 2024 at MITEC, Kuala Lumpur, Malaysia. Themed Boosting Agility and Resiliency of the Global Electronics Supply Chain, SEMICON Southeast Asia 2024 features two roundtable discussions at the Market and Industry Trends Forum – COLLABORATE @ Southeast Asia and Forging Forward – Strengthening Malaysia’s Position in the Global E&E Value Chain. Attendees will gain insights into Malaysia’s favourable investment climate, strategic initiatives, and incentives designed to attract and retain investment in the electronics and semiconductor sector. Registration is open, and pre-registration is encouraged to avoid onsite surcharge.
For the full event agenda, please visit the SEMICON Southeast Asia website.
[1] https://www.bernama.com/en/news.php?id=2209277
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About MIDA
MIDA is the government’s principal promotion agency under the Ministry of Investment, 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 X, Instagram, Facebook, LinkedIn, Tik Tok, and YouTube channel.
About Invest Selangor
Invest Selangor Berhad (ISB) is the state government agency responsible for promoting and facilitating investment in Selangor, Malaysia. With its commitment to providing investors with the ease of doing business, ISB ensures investors have a hassle-free investment journey. The agency offers a comprehensive suite of services, including site selection assistance, investment facilitation, and aftercare services. ISB is dedicated to providing investors with a conducive business environment, which includes streamlined procedures, efficient services, and access to industry insights and networks. This commitment to investor ease of mind has made Selangor an attractive investment destination for local and foreign investors. With ISB’s support, investors can focus on their business operations and leave the administrative matters to the agency, giving them the peace of mind they need to grow their investments in Selangor.
About SEMI
SEMI® is the global industry association connecting over 3,000 member companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management and other programs. Our SEMICON® expositions and events, technology communities, standards and market intelligence help advance our members’ business growth and innovations in design, devices, equipment, materials, services and software, enabling smarter, faster, more secure electronics. Visit www.semi.org, contact a regional office, and connect with SEMI on LinkedIn and X to learn more.
Media Contacts
Ms. Noor Suziyanti Saad/MIDA
Director, Electrical & Electronics Division
Phone: +603-2267 3575
Email: [email protected]
Nur Azyyana Abu Bakar
Senior Manager, Strategic Planning & Communication Division
Phone: +60 12-257 4075
Email: [email protected]
Precious Betache/SEMI Southeast Asia
Phone: +65 – 98178837
Email: [email protected]
Michael Hall/SEMI US
Phone: 1.408.943.7988
Email: [email protected]
Reshvinder Kaur
Phone: +6017 275 7985
Email: [email protected]
