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For January to June 2025 (1H 2025), Malaysia attracted RM190.3 billion of approved investments in services (RM118.6 billion, 62.3%), manufacturing (RM68.4 billion, 36.0%), and primary (RM3.3 billion, 1.7%) sectors. This is a notable 18.7% increase in comparison to the same period last year (1H 2024).
Foreign Investments (FI) accounted for a significant 56.1% or RM106.8 billion of the total approved investments, while Domestic Investments (DI) contributed 43.9% or RM83.5 billion.
The services sector’s share accounts for RM118.6 billion of the total approved investments, showing a significant 25.6% year-on-year increase [cf. RM94.4 billion in 1H 2024].
The manufacturing sector’s share of approved investments is RM68.4 billion, a robust 13.8% y-o-y growth. This was contributed by a 12.1% increase in foreign investments, 20.2% in domestic investments and a 37.7% increase in new jobs.
The top five (5) sources of FI are Singapore (RM43.4 billion), the People’s Republic of China (RM23.4 billion), the United States of America (RM10.4 billion), the British Virgin Islands (RM6.6 billion), and Italy (RM3.3 billion).
The five (5) states that recorded the highest approved investments are Johor (RM56.0 billion), Selangor (RM34.7 billion), W.P. Kuala Lumpur (RM30.1 billion), Pulau Pinang (RM18.9 billion) and Sabah (RM11.4 billion).

KUALA LUMPUR, 22 August 2025 – Malaysia has clearly risen above the current geopolitically challenging landscape and maintained its position as an attractive investment destination in the region. The country secured RM190.3 billion in approved investments during the first half of 2025 (1H 2025), an 18.7% increase year-on-year.

A total of 3,011 projects across the manufacturing, services, and primary sectors are expected to generate 89,294 new jobs, highlighting the country’s ability to translate investment commitments into real economic impact. FI surged 43.5% year-on-year, propelled by strong growth in all three (3) sectors: services (+100.7%), manufacturing (+12.1%) and primary (+57.4%). This is also validated by Malaysia’s rise from 34^th to 23^rd position by the IMD World Competitiveness Ranking 2025. The growth and improved competitiveness reflect the government’s concerted efforts to enhance service efficiency, implement aggressive trade and investment promotion missions and streamline approval processes. These factors are pivotal in strengthening investor confidence in the country’s economic direction and in continuing to attract significant investment inflows.

For approved investments based on foreign sources[1], Singapore emerged as the leading source country with RM43.4 billion, followed by the People’s Republic of China (RM23.4 billion), the United States of America (RM10.4 billion), the British Virgin Islands[2] (RM6.6 billion), and Italy (RM3.3 billion). These foreign investments signal enduring global trust in Malaysia as a strategic base for regional growth.

The state of Johor recorded the highest value of approved investments (RM56.0 billion), followed by Selangor (RM34.7 billion), W.P. Kuala Lumpur (RM30.1 billion), Pulau Pinang (RM18.9 billion) and Sabah (RM11.4 billion).

National Investment Aspirations (NIA) – Driving Malaysia’s Long-Term Goals

The focus sectors under the National Investment Aspirations (NIA) contributed a total of RM88.3 billion, representing almost half of the total approved investments (46.4%) across various economic sectors. These approvals span 426 projects and are expected to create 33,891 new employment for Malaysians, demonstrating a strong alignment between the nation’s investment strategies and its development goals.

Of the total approved amount, RM106.2 billion or 55.8% falls under the scope of MITI and MIDA. This includes 1,247 projects projected to generate 48,689 jobs.

YB Senator Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade and Industry (MITI), said, “Malaysia’s 18.7% year-on-year growth in approved investments for 1H 2025 demonstrates foreign and domestic investors’ continued trust in our clear policies and long-term industrial reform agenda. These have contributed to Malaysia’s strong economic fundamentals, which have clearly held up our economy even amid a challenging global environment. MITI and MIDA are working closely with other relevant Ministries and Agencies to ensure these commitments are implemented expeditiously to deliver meaningful outcomes for the people.”

[1] Compilation of foreign investments is based on the ultimate investing country. The ultimate source refers to the home country of the foreign investor that holds control over the decision-making process and investment management, even if the investment flows through several intermediary sources.

[2] Based on declaration by the applicant company in its submission to MIDA and relevant Ministries/Agencies.

He also noted the significance of Johor’s growth momentum, “Johor’s performance has been especially encouraging, topping the nation in both Q1 2025 (RM30.1 billion) and in 1H 2025 (RM56.0 billion). This reflects the state’s strengthening economic fundamentals, driven by initiatives such as the Johor–Singapore Special Economic Zone, one of Malaysia’s value propositions as a strategic manufacturing and services hub within the ASEAN region.”

Services Sector Powers in Growth, Led by Strong Domestic Investments

The services sector accounted for RM118.6 billion in approved investments, representing 62.3% of the total, comprising 2,476 projects. The sector recorded a year-on-year increase of 25.6%, with an estimated 42,576 new jobs expected to be created.

Domestic investments contributed RM66.6 billion (56.2%) while foreign investments contributed RM52.0 billion (43.8%). This healthy balance reflects foreign and domestic investors’ continued confidence and the sector’s broad-based appeal.

The top-performing sub-sector under the services sector are:

Information and Communications: RM59.6 billion
Real Estate: RM38.6 billion
Utilities: RM6.0 billion
Support Services: RM5.9 billion
Distributive Trade: RM4.3 billion

Notable Projects Elevating Malaysia’s Services Sector

DHL Express (Malaysia) Sdn. Bhd.: DHL Express (Malaysia) Sdn. Bhd. launched one of its most advanced facilities in Southeast Asia — the Kuala Lumpur Gateway. With a €60 million (RM300.0 million) investment, it is the region’s first gateway with a fully automated sorting system, capable of processing up to 10,000 shipments per hour.
Adventist Hospital & Clinic Services (M): Located in Georgetown, Penang, this home-grown, Malaysian-owned healthcare provider is investing RM300.0 million in modern facilities, cutting-edge technology and expanded specialist services to become a leading tertiary healthcare provider for the Malaysian community and international visitors.
SM01 Sdn. Bhd.: With an investment close to RM200.0 million,SM01 Sdn. Bhd. is a flagship solar project in Gurun, Kedah, under the Corporate Green Power Programme led by Japan’s Shizen Malaysia, with partners from Solarvest and HSS. Showcasing Malaysia–Japan collaboration, it advances ESG-focused green investments, delivering green energy to corporate offtaker through large-scale sustainable infrastructure.
Base Floating Solar Sdn. Bhd.: The company is responsible for designing, constructing and operating the Batang Ai Floating Solar Farm, the largest floating solar photovoltaic (FPV) installation in Sarawak, Malaysia, valued at RM184.6 million.

Manufacturing Sector Attracts RM68.4 Billion, Boosting High Value Jobs

Malaysia’s manufacturing sector secured RM68.4 billion or 36.0% in approved investments for 1H 2025. The approval of 518 projects is anticipated to yield 46,690 new job openings.

Notably, foreign investments (FI) accounted for 78.0% or RM53.3 billion of the total approved investments in the manufacturing sector, while domestic investments (DI) contributed RM15.1 billion (or 22.0%).

Encouragingly, the share of higher-skilled roles has been rising: the managerial, technical and supervisory (MTS) index climbed to 46.9%, from 42.7% a year earlier. This suggests slow but steady progress in moving up the value chain, a shift that will hinge on the continued upskilling of local talent and accelerating technology adoption.

Top Performing Industries

Chemical and chemical products: RM15.5 billion
Electrical and electronics (E&E): RM13.1 billion
Basic metal products: RM9.8 billion
Non-metallic mineral products: RM7.1 billion
Machinery and equipment: RM5.2 billion

Notable Manufacturing Projects Strengthen Malaysia’s Industrial Base

Pentamaster Technology (M) Sdn. Bhd. With an investment of RM1.8 billion, the company provides advanced automation manufacturing and technology solutions to high-value industries and is set to become the first Malaysian automation company to design and build advanced test equipment for next-generation semiconductor manufacturing globally.
QL Foods Sdn. Bhd.: A Perak-based agro-food company investing RM1.2 billion over the next ten years. Specialising in surimi and surimi-based products for both domestic and international markets, the company is also adopting sustainable practices and innovation to support Malaysia’s food security and export competitiveness.
Chipbond Technology Malaysia Sdn. Bhd.: RM1.0 billion wafer-level chip scale packaging (WLCSP) facility.
Altera Semiconductor Technology (M) Sdn. Bhd.: RM1.0 billion to manufacture field-programmable gate arrays (FPGAs) and other integrated circuits.
Hunan Yuneng New Energy Battery Material Co., Ltd.: Investing RM560.0 million in Phase 1 to establish a facility in Malaysia for the production of lithium battery cathode materials.
Singda Superalloy (Malaysia) Sdn. Bhd.: A Singapore-based high-tech company will invest about USD80 million (RM336.8 million) in Johor to build South-East Asia’s first superalloy manufacturing plant. The facility will produce high-performance superalloy materials for industries including aerospace, oil and gas, new energy, petrochemicals and automotive, creating more than 300 skilled local jobs.
NetZero Technology Sdn. Bhd.: RM340.0 million manufacturing facility in Kedah, producing insulation from recycled glass waste for energy-efficient construction.

Primary Sector Maintains Stability Amid Global Headwinds

The primary sector secured RM3.3 billion in approved investments across 17 projects, mainly in mining. The approved investments are dominated by domestic sources with RM1.8 billion (54.2%), while foreign sources contributed RM1.5 billion (45.8%).

Positive Outlook with Strong Pipeline of High-Impact Investments

From January to June 2025, MITI and MIDA undertook a total of six (6) Trade and Investment Missions (TIMs), two (2) of which were official visits led by the Prime Minister of Malaysia, YAB Dato’ Seri Anwar Ibrahim. These engagements covered the United Arab Emirates (UAE), the United Kingdom, Switzerland, India, Russia, Saudi Arabia, Singapore, and the United States of America, serving as platforms to strengthen bilateral ties and engage with prominent global business leaders.

Malaysia’s investment outlook remains resilient, supported by a steady flow of quality project proposals. As at 31 July 2025, MIDA is facilitating a solid pipeline of 385 potential projects, collectively valued at RM22.5 billion.

The services sector continues to lead the way, comprising 290 projects worth RM15.7 billion.
Meanwhile, the manufacturing sector maintains its strong showing with 95 projects valued at RM6.8 billion.

MIDA is also in active discussions for an additional RM103.8 billion worth of high-impact investment leads—signaling sustained investor interest and confidence in Malaysia’s pro-business policies and long-term economic direction.

High Implementation Rates Reinforce Malaysia’s Investment Credibility

Between 2021 to June 2025, the National Committee on Investment approved 3,883 manufacturing projects. Of these:

85.1% of projects (3,414) have been implemented, which includes full-scale production, factory construction, and machinery installation.
11.9% remain in the planning phase, focusing on critical activities such as site selection and developer consultations.
3.0% of projects were not implemented due to a change of commercial direction by the investor(s).

Implementation rates for specific periods reinforce this credibility:

Over 90% of manufacturing projects approved in 2021 until 2023 have been implemented.
83.5% of 2024’s and 49.6% of January – June 2025’s projects are already progressing, a commendable rate given the average lead time of 18 to 24 months typical for such developments.

Examples of implemented projects are provided in Appendix I.

Consistently high implementation rates signal not only investor trust and policy consistency, but also MIDA’s dedicated investor aftercare services and strong inter-agency collaboration.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA, said that Malaysia’s performance in attracting investments for the first half of 2025 is a clear sign of resilience, “Despite a tumultuous global economy, Malaysia’s economy expanded by 4.4% in the second quarter of 2025[3], and investment momentum is holding strong. This clearly reflects the depth of our fundamentals and the trust investors place in our long-term direction. At MIDA, our role is to make that journey from interest to implementation as smooth as possible.”

“Through the Invest Malaysia Facilitation Centre, we bring all the relevant agencies under one roof so decisions can be made quickly, bottlenecks removed, and projects get off the ground swiftly. It’s why over 85% of manufacturing projects approved since 2021 until June 2025 are already being implemented. Every day, we see how this approach helps investors turn plans into action, creating jobs, building capacity, and keeping Malaysia competitive even when global conditions are less than ideal. These are the times when our ability to deliver really counts, and the results in 1H 2025 show that we are delivering,” he added.

Malaysia’s strategic advantage lies in its commitment to strategic reforms, high-impact sectors, and investor facilitation, ensuring the country remains a preferred destination for quality investments for years to come.

[3] https://www.bnm.gov.my/-/qb25q2_bm_pr

***The End***

About MIDA

The Malaysian Investment Development Authority (MIDA) is the Government’s principal investment promotion and development 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, TikTok and YouTube channel.

*Explainer: DOSM’s FDI and MIDA’s approved Foreign Investment (FI)

There has been some confusion on the term Foreign Direct Investment (FDI) as reported by the Department of Statistics Malaysia (DOSM), and the approved Foreign Investment (FI) data as captured by MIDA. To clarify, the Government has determined the use of these terms since December 2023, as follows:

MIDA reports on approved Foreign Investments (FI) – These represent proposed investment projects with foreign equity participation that have been granted licenses, incentives, permits, grants, soft loans, etc., by relevant Ministries and Agencies. They are measured based on CAPEX and OPEX, such as land, building, and resources. Approved FI reflects potential investments into the country which will be realised into actual inflows over a specified period, usually across multiple years. On average, 18-24 months is the typical duration to complete the required regulatory steps between approval and implementation, before projects get off the ground. The release of approved FI data serves as a forward-looking indicator of investor’s confidence, the strength of Malaysia’s investment prospects, and the key sectors attracting foreign investors.

DOSM reports on Foreign Direct Investment (FDI) – This figure refers to investments by non-residents via transactions of financial instruments, including equity, reinvestment of earnings and debt instruments (such as inter-company loans and advances, trade credits, etc.). For instance, if a foreign investor buys shares in a Malaysian company, this would be captured by DOSM’s FDI data. FDI statistics for Malaysia are compiled as part of the balance of payments, which is compiled based on the IMF’s BPM6 guidelines.

For further information, please refer to https://www.mida.gov.my/why-malaysia/investment-statistics/

For media enquiries please contact:

Ms. Fatmah Ahmad
Director of Corporate Communications Division
Malaysian Investment Development Authority (MIDA)
Email: [email protected] | DL: +603-2267 2428

Malaysia’s 1H 2025 Approved Investments Up By 18.7% Year-On-Year To RM190.3 Billion, Creating Over 89,000 New Jobs

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Penang, 18 August 2025 – UMediC Group Berhad (“UMC”) unveiled its massive expansion at Batu Kawan Industrial Park, on 15 August 2025. The expansion marks a doubling of the company’s manufacturing capacity. The new facility adds 20,000 square feet of production space to their existing 30,000-square-foot operation. This growth represents a major commitment to Malaysia’s healthcare future.

The expansion includes three major components:

UMC Healthcare Centre
Rescue Medic Ambulance Services
UMC Learning Centre

The launch ceremony was officiated by YB Daniel Gooi Zi Sen, Penang State Executive Councillor for Youth, Sports, and Health. He was joined by distinguished guests, including YB Goh Choon Aik, State Assemblyman (ADUN) for Bukit Tambun and Mr. Muhammad Ghaddaffi Sardar Mohamed, Director of MIDA Penang, along with senior representatives from Invest Penang.

In his speech, YB Daniel Gooi Zi Sen, Penang State Executive Councillor for Youth, Sports, and Health, stated, “Today, we witness a homegrown success story – a company that started with a vision, perseverance and dedication, now recognised as one of Malaysia’s top medical device companies. UMC’s success brings pride to Penang, bring our economy and enhances our nation’s global reputation.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), praised the expansion, “This achievement reflects UMC’s strong vision and commitment to moving up the value chain, in line with national strategies such as the New Industrial Master Plan 2030 to drive innovation, diversification and high-value offerings. UMC’s evolution from a leading medical device manufacturer into an integrated healthcare provider, leveraging advanced medical technologies, digitalisation and R&D while expanding into training centres and ambulance services, not only strengthens its market position but also enhances Malaysia’s capabilities in the medical technology and services sectors, supporting the growth and resilience of our healthcare ecosystem.”

UMC’s core business is supported by robust manufacturing capabilities and a dedicated Research & Development team. The company produces essential devices such as prefilled humidifiers, prefilled nebulisers, and asthma spacers, which are exported to approximately 40 different countries worldwide. Notably, UMC is the first company globally to obtain Halal certification for its prefilled humidifier, a testament to its innovation and adherence to quality standards. The new state-of-the-art ISO 5 cleanroom, with high-precision blow-fil-seal machinery, further reinforces its position as a global-ready medical manufacturer.

Beyond manufacturing, UMC also plays a vital role in the distribution of critical life-support medical and laboratory devices carrying global well-known brands such as Philips, GE and AliveDx. With the new facilities, UMC’s offerings now include medical training, ambulance services, and the operation of healthcare centres, creating a comprehensive, integrated healthy supply chain.

Mr. Eric Lim Taw Seong, CEO of UMC, maintains that the group of companies will continue to expand its coverage and offerings in different areas of the healthcare industry, in line with our vision, which is to provide an integrated healthcare supply chain with advanced technology, which ultimately improves the quality of human life.

The launch ceremony was highlighted by a showcase of Rescue Medic Ambulance Services, free basic health screenings, a facility and plant tour, and live demonstrations of UMC’s cutting-edge medical devices.

From left to right-Dato’ Seri Ng Chai Eng, Chairman of UMediC Group Berhad and CEO of UWC Berhad; Dato’ Loo Lee Lian, CEO of InvestPenang; Y YB Goh Choon Aik, ADUN Bukit Tambun, Pulau Pinang; YB Daniel Gooi Zi Sen, Penang State EXCO for Youth, Sports and Health;Mr. Eric Lim Taw Seong, CEO of UMediC Group Berhad; Mr. Muhammad Ghaddaffi Sardar Mohamed, Director of MIDA Penang;Dato’ Lau Chee Kheong, COO/Executive Director/Co-Founder at UWC Holdings Sdn Bhd.

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About MIDA

The Malaysian Investment Development Authority (MIDA) is the government’s principal investment promotion and development 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, TikTok and YouTube channel.

About UMediC Group Berhad

UMediC Group Berhad (“UMC”) is an investment holding company. Through its subsidiaries, UMC is involved in the manufacturing, marketing and distribution of various medical & laboratory devices and consumables as well as the provision of after-sales services and medical services. UMC is a homegrown own-brand manufacturer for HYDROX prefilled humidifiers, AIRDROX series inhaler spacers and the recent introduction of its HYDROX prefilled nebulizers and FLEXIDROX water bag for inhalation. The HYDROX prefilled humidifiers hold Halal and Conformité Européenne (CE) certifications. Now, UMediC is expanding beyond product manufacturing and distribution to build a comprehensive healthcare ecosystem with the launch of the UMC Healthcare Centre, Rescue Medic Ambulance Services, and UMC Learning Centre.

For media enquiries, please contact:

MIDA
Ms. Wahida Abdul Rahman
Director, Healthcare, Education & Hospitality Division
No.: +603-2267 6622| Email: [email protected]

UMediC Group Berhad
Ng Sze Hui
Legal Compliance Advisor
Email: [email protected]
Tel: 04-589 9676

UMedic Group Expands Operation In Malaysia, Reflects Growing Confidence In Malaysia’s Healthcare Industry

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The 209,000 square foot office space is designed to host over 1,200 employees and include a state-of-the-art engineering lab space to support semiconductor design

Penang – August 14, 2025 – AMD (NASDAQ: AMD) today inaugurated its new state-of-the-art office and engineering lab facility in Bayan Lepas, Penang. This marks a significant milestone in AMD’s commitment to expanding its global business services and engineering presence in Malaysia.

The new office at GBS by the Sea, spans 209,000 square feet and is designed to support over 1,200 employees. It features open workspaces and state-of-the-art engineering labs to drive advances in semiconductor design.

The launch was inaugurated by YAB Tuan Chow Kon Yeow, the Chief Minister of Penang, in the presence of Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer (CEO), Malaysian Investment Development Authority (MIDA), Keivan Keshvari, Senior Vice President, Global Operations, AMD and Chuang-Li Khoo, Penang Site Lead, AMD.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang, said, “As AMD celebrates its over five decades presence in Penang, this milestone stands as a strong testament to Penang’s position as a sustainable and thriving investment destination, where companies not only establish a foothold, but also grow and flourish.” He added, “As global trends shift rapidly toward frontier technologies such as AI, the Penang State Government, via InvestPenang, remains committed to supporting forward-looking investors like AMD in these transformative fields.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, MIDA CEO said, “AMD’s new facility in Penang is a testament to the enduring and evolving partnership between Malaysia and a global technology leader. From our initial collaboration in manufacturing five decades ago to this significant investment in integrated circuit (IC) design and high-value services, AMD’s journey mirrors Malaysia’s own progression up the semiconductor value chain. By anchoring R&D and advanced capabilities here, AMD is not only creating high-quality jobs but also fostering a dynamic ecosystem where local talent and firms can thrive alongside global innovators.” He added, “Aligned with our New Industrial Master Plan 2030, the National Semiconductor Strategy and the 13 th Malaysia Plan, MIDA is proud to have supported AMD’s strategic growth in Malaysia and looks forward to continuing this shared journey of innovation with AMD for many
years to come”.

Keivan Keshvari, Senior Vice President of Global Operations, AMD, said, “The opening of this advanced facility underlines AMD’s long-term commitment to Malaysia’s thriving semiconductor ecosystem. This new office will enable us to develop, build, and deliver the next generation of high-performance, adaptive and AI computing solutions across the AMD portfolio while supporting Malaysia’s continued growth as a hub for technological innovation.”

Chuang-Li Khoo, Penang Site Lead, AMD, said, “I am very proud of the space we have built here. We started our operations in 2002, with the foundation of the Accounting and Finance Service operations in Penang. 23 years later, we celebrate a new chapter for AMD in Malaysia with the inauguration of our new office at GBS by the Sea, expanding our presence across global business services and engineering. This
facility is designed to enable our teams to grow, collaborate, and deliver world-class solutions from a world-class workspace, reinforcing our commitment to Penang as a hub for talent, innovation, and excellence.”

The new office reinforces AMD’s long-standing presence in Malaysia and reflects the company’s confidence in the region’s talent and potential. With expanded capabilities and a focus on innovation, the Penang facility will play a key role in supporting AMD growth while contributing meaningfully to Malaysia’s semiconductor ecosystem.

From left to right-Dato’ Loo Lee Lian, Invest Penang CEO; Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, MIDA CEO; YAB Tuan Chow Kon Yeow, Chief Minister of Penang; Keivan Keshvari SVP, Global Operations, AMD Global Operations & Quality; Khoo Chuang Li, Senior Director Finance, AMD Penang Site Lead

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About MIDA

About InvestPenang

InvestPenang is the Penang State Government’s principal agency for the promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realise its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention), and Global Business Services (GBS) Focus Group (promoting and developing digital economy) and Penang Silicon Design @5km+ (establishing a unique and interconnected ecosystem for IC design and technology enterprises). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn; WhatsApp Channel and TikTok.

About AMD

For more than 55 years, AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn, Facebook and X pages.

For media enquiries, please contact:

MIDA
Mr. Mazlan Mokhtar
Director,
Electrical and Electronics Division
Tel: +603-2267 6655
Email: [email protected]

InvestPenang
Elaine Cheah
Communications & Business Intelligence
Tel: +604-646 8833
Email: [email protected]

AMD
Anita George
Corporate Communications, APJ
Tel: + 91-7799992478
Email: [email protected]

AMD Expands R&D Footprint with State-Of-The-Art Malaysian Facility

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Agilent’s state-of-the-art facility in Penang received recognition by the World Economic Forum, solidifying Malaysia’s position as a leader in advanced manufacturing

KUALA LUMPUR, Malaysia, 14 August 2025 — Agilent Technologies Inc. (NYSE: A) today celebrated a landmark achievement as its smart factory in Penang was recognised as a global leader in the Fourth Industrial Revolution (4IR) by the World Economic Forum and McKinsey & Company. The accolade honours factories worldwide that demonstrate exceptional performance in productivity, supply chain resilience, and talent development through the adoption of advanced technologies.

Leveraging artificial intelligence (AI) and advanced digital technologies, Agilent Penang has increased overall productivity by 40%, reduced delivery lead times by 48%, and a significantly reduction in environmental impact. These advancements have enhanced agility in meeting changing market demands while equipping its workforce with AI-ready skills. Agilent’s Penang facility is now one of only two (2) factories in Malaysia to be named by the Forum, firmly placing the state on the global map for advanced manufacturing excellence.

YAB Tuan Chow Kon Yeow, Chief Minister of Penang, said, “I am especially proud that both Malaysian Lighthouse sites are located in Penang, a reflection of the state’s readiness to embrace Industry 4.0 and its rising prominence as a national benchmark for smart manufacturing excellence.” He added, “Agilent balances technological advancement with environmental and social responsibility, making its Penang’s site a true model for Smart Factory development in Malaysia.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), expressed, “We extend our heartfelt congratulations to Agilent for this prestigious recognition as a World Economic Forum Global Lighthouse – a milestone that reinforces Malaysia’s growing reputation as a hub for advanced manufacturing and smart industry. We applaud Agilent’s significant role as one of the enablers and accelerators for the entire semiconductor value chain in the country. The National Semiconductor Strategy strengthens the overall industrial ecosystem by advancing skills, research, and infrastructure, which in turn supports high-value companies like Agilent and helps the semiconductor sector grow more resilient. Together with the New Industrial Master Plan 2030 and the 13th Malaysia Plan, these national efforts are being translated into real, measurable impact. MIDA is proud to have supported Agilent’s journey as we collectively position Malaysia at the forefront of global industrial leadership.”

“Embracing human-machine collaboration for industries to augment human capabilities introduces great new possibilities in navigating evolving market landscapes. At Agilent, we are proud to contribute to Penang’s continuous economic growth by driving innovation, world-class manufacturing, and investing in high-value skills.” Said Chow Woai Sheng, President for Order Fulfillment and Supply Chain (Interim) and Vice President for Global Instrument Manufacturing at Agilent.

Central to Agilent’s 4IR transformation is a digital training programme that has successfully upskilled 88% of its local workforce, equipping employees to lead the next chapter of sustainable manufacturing. As the company advances the application of AI in producing life sciences instruments, Agilent continues to collaborate with Malaysia’s scientific community to accelerate discoveries and improve quality of life worldwide.

From left to right-Lim Oon Pin (OP), Associate Vice President of Agilent Penang Factory; Dato’ Loo Lee Lian, CEO, InvestPenang; YBhg Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO, MIDA; YAB Tuan Chow Kon Yeow, Chief Minister of Penang; Chow Woai Sheng, President of OFS (interim) and VP of Global Instrument Manufacturing; Bharat Bhardwaj, Vice President of Sales, APAC; Chai Meng Fee, Associate Vice President of Instrument Design Center and Country General Manager

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About MIDA

About InvestPenang

About the Global Lighthouse Network

Launched in 2018, the Global Lighthouse Network brings together and celebrates the success of the world’s leading industrial sites which achieved exceptional performance in productivity, supply chain resilience, customer centricity, sustainability and talent. This global community of influential innovators, deploying over 1,000 solutions in multiple industries, includes 189 sites, 25 of which are Sustainability Lighthouses. The network now spans over 30 countries and 35 sectors. The initiative was co-founded by the World Economic Forum and Mckinsey & Company. Learn more at WEForum.org.

About Agilent Technologies

Agilent Technologies Inc. (NYSE: A) is a global leader in analytical and clinical laboratory technologies, delivering insights and innovation that help our customers bring great science to life. Agilent’s full range of solutions includes instruments, software, services, and expertise that provide trusted answers to our customers’ most challenging questions. The company generated revenue of $6.51 billion in fiscal year 2024 and employs approximately 18,000 people worldwide. Information about Agilent is available at www.agilent.com. To receive the latest Agilent news, subscribe to the Agilent Newsroom. Follow Agilent on LinkedIn and Facebook.

For media enquiries, please contact:

MIDA
Mr. Mazlan Mokhtar
Director,
Electrical and Electronics Division
Tel: +603-2267 6655
Email: [email protected]

InvestPenang
Communications & Business Intelligence
Elaine Cheah / Arief Ferdaus
T: +604-646 8833
E: [email protected] / [email protected]

Agilent Technologies
Media Relations, South Asia and Korea
Grace Thong
T: +65 9688 2152
E: [email protected]

Agilent Puts Malaysia On The Global Map For Industry 4.0 Excellence

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Expansion Strengthens Global Supply Chain and Boosts Southeast Asian Presence

PENANG, Malaysia, 11 Aug 2025 – Vivax-Metrotech Corporation (VXMT), a global leader in advanced utility locating and inspection technologies, has announced the establishment of a new manufacturing facility in Penang. The investment, valued at RM48 million will create 175 high-skilled jobs and enhance the company’s production capacity to support accelerating global demand.

The new facility features 16 assembly production lines and specialised clean room operations. This technological infrastructure enables the company to manufacture a range of precision technologies used in telecommunications, water, gas, and electrical utilities. This expansion strengthens Vivax-Metrotech’s global supply chain while reinforcing its presence in Southeast Asia.

“This investment by Vivax-Metrotech Corporation comes at the perfect time as Malaysia strengthens its high-tech manufacturing capabilities,” says Datuk Sikh Shamsul Ibrahim bin Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA). “Their commitment aligns with the 13th Malaysia Plan, supporting the goals of the New Industrial Master Plan 2030. Beyond the RM48 million investment, what excites us most is how Vivax-Metrotech will create 175 quality jobs for Malaysians while helping build our advanced electronics ecosystem. MIDA will continue to facilitate Vivax-Metrotech’s growth in Malaysia, ensuring they have the support needed to expand their operations and contribute to our industrial development.”

Christian Stolz, CEO and Chairman of Vivax-Metrotech Corporation, said, “Malaysia’s proven track record in attracting leading high-technology companies combined with its forward-looking talent pool, exceptional commitment to quality and a strategic location made it a well-suited choice for expanding our manufacturing operations in South-East Asia.”

Mark Drew, President of Vivax-Metrotech Corporation, added, “Expanding manufacturing plays a crucial role in supporting our sales growth and strengthens our global supply chain resilience.”

Liming Zhang, General Manager of Vivax-Metrotech Shanghai Factory, noted, “Our priority is the ensure the Malaysian site operates seamlessly alongside our existing regional operations. With shared expertise, aligned processes and a strong foundation in precision manufacturing, this expansion reinforces our ability to deliver consistently and operate with the reliability our customers expect.”

This investment represents a key milestone in Vivax-Metrotech Corporation’s international growth strategy. With its second manufacturing facility now operational in Malaysia, the company is well-positioned to meet rising global demand while contributing meaningfully to Malaysia’s vision of becoming a high-value, innovation-driven industrial economy.

*****

About MIDA

About Vivax-Metrotech Corporation

Vivax-Metrotech is a leading provider of innovative solutions for locating, inspecting, and mapping underground utilities. With decades of experience and a global footprint, the company delivers cutting-edge technologies that empower utility professionals worldwide to work safely and efficiently.

For media enquiries, please contact:

MIDA
Mr. Mazlan Mokhtar
Director,
Electrical and Electronics Division
Tel: +603-2267 6655
Email: [email protected]

Vivax-Metrotech Corporation
Mark Drew
President of Vivax-Metrotech
Email: [email protected]

Vivax-Metrotech’s State-Of-The-Art Facility Creates 175 Tech Jobs In Penang

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NEGERI SEMBILAN, 8 AUGUST 2025 – Leading Chinese battery manufacturer Hunan Yuneng New Energy Battery Material Co., Ltd. (“Hunan Yuneng”) has officially committed to establishing its first Southeast Asian manufacturing facility in Malaysia. The company signed a Memorandum of Understanding (MoU) with Invest Negeri Sembilan and SPD Tech Valley Sdn. Bhd. on August 7, 2025, marking a significant milestone in Malaysia’s growing clean energy sector.

The new state-of-the-art manufacturing facility in Malaysia will be dedicated primarily to producing lithium battery cathode materials. This project represents Hunan Yuneng’s inaugural presence in Malaysia and expected to create over 200 new job opportunities, demonstrating the company’s commitment to Malaysia’s continuous economic development

The MoU was formally signed between YBhg. Dato’ Hj. Najmuddin Sharif Bin Sarimon, Chief Operating Officer of Invest NS, Mr. Liang Kai, Deputy CEO of Hunan Yuneng and Mr. Ten Wee Seong, CEO of SPD Tech Valley. The signing ceremony was witnessed by YAB Dato’ Seri Utama Haji Aminuddin Bin Harun, Menteri Besar Negeri Sembilan, highlighting the strategic significance of this collaboration.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of the Malaysian Investment Development Authority (MIDA), said, ” This MoU marks a significant milestone that aligns perfectly with Malaysia’s long-term industrial transformation plans under the Thirteenth Malaysia Plan and the New Industrial Master Plan 2030. We’ve identified sustainability, innovation, and advanced technology as key pillars driving our nation’s growth, and this investment by the company aligns strongly with all these priorities. MIDA stands ready to support this project with our full range of facilitation services and ecosystem development initiatives. Having Hunan Yuneng’s technical expertise, combined with strong local partnerships, puts Malaysia in an excellent position to strengthen our global clean energy value chain.”

Mr. Liang Kai, Deputy CEO of Hunan Yuneng, said, “Malaysia has successfully drawn a growing cluster of Chinese enterprises across the entire new-energy battery industry to establish operations. The forthcoming Malaysian facility will serve as Hunan Yuneng’s strategic springboard for expanding throughout Southeast Asia. Hunan Yuneng’s participation will materially strengthen Malaysia’s new-energy battery ecosystem, elevating the nation’s position as a comprehensive industry hub in the region.”

In Q12025, Malaysia approved RM89.8 billion in investments, with the manufacturing sector accounting for RM30.5 billion. Notably, the chemicals and chemical products sub-sector attracted RM4.2 billion, ranking third among contributors to manufacturing investment – a trend that underscores investor confidence in Malaysia’s industrial diversification.

From left to right – Yang Berusaha Mr. Ten Wee SeongChief Executive Officer, Seri Pajam Development Group; Yang Berbahagia Dato’ Haji Najmuddin Sharif Bin Sarimon,Chief Executive Officer, Invest Negeri Sembilan; Yang Berhormat Dato’ Mohd Zafir Bin Ibrahim State Government Secretary, Negeri Sembilan; Yang Amat Berhormat Dato’ Seri Utama Haji Aminuddin Bin Haji Harun Menteri Besar of Negeri Sembilan;Yang Berusaha Mr. Liang KaiDeputy Chief Executive Officer, Hunan Yuneng New Energy Material Company, Limited; Yang Berhormat Tuan Teo Kok Seong EXCO of Investment and Non-Muslim Affairs, Negeri Sembilan; Yang Berusaha Ms. Surayu Susah Executive Director Manufacturing Development (Resource), MIDA; Yang Berusaha Mr. Ma Guodong Chief Investment Officer, Hunan Yuneng New Energy Battery Material Company, Limited; *Yang Berusaha Mr. Zhou Zhihui Deputy General Manager, Hunan Yuneng New Energy Battery Material Company, Limited;* *Yang Berbahagia Dato’ Ten Ah Man Group Executive Chairman, Seri Pajam Development Group*

– End –

About MIDA
The Malaysian Investment Development Authority (MIDA) is the government’s principal investment promotion and development 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, TikTok and YouTube channel.

About Hunan Yuneng
Founded in 2016, Hunan Yuneng is headquartered in Hunan, China and quoted in Shenzhen Stock Exchange with stock code 301358. Hunan Yuneng principally engaged in the research and development, production and sales of lithium-ion battery positive electrode materials. The Company’s main products include lithium iron phosphate and other lithium-ion battery positive electrode materials, which are mainly used in lithium-ion batteries such as power batteries and energy storage batteries.

For media enquiries, please contact:

MIDA
Puan Siti Halimaton Mohd. Rejab
Director, Chemical and Advanced Materials Division
Email: [email protected]
Tel.: +603-2267 6701

Hunan Yuneng
Mr. Flynn Ma
Director of Hunan Yuneng New Energy Battery Material Co., Ltd.
Email: [email protected]

Hunan Yuneng Chooses Malaysia for its South East Asian lithium Battery Manufacturing Hub

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Strategic Partnership Targets Investments in Semiconductor, EV, and Green Technology Sectors

Kuala Lumpur, Malaysia, 8 August 2025 –The Malaysian Investment Development Authority (MIDA) and global banking subsidiary MUFG Bank (Malaysia) Berhad yesterday announced a ground-breaking partnership to accelerate high-value investments in Malaysia. The MoU agreement focuses on attracting global investment in semiconductors, specialty chemicals, aerospace, pharmaceuticals, medical devices, electric vehicles, digital sectors, and green technology. This partnership marks a significant milestone in Malaysia’s journey towards becoming a leading innovation hub in Southeast Asia.

The collaboration comes at a crucial time for Malaysia’s economic transformation in light of the recent 13th Malaysia Plan announced last week.

The Chief Executive Officer (CEO) of MIDA, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, emphasised the partnership’s role in strengthening Malaysia-Japan economic ties. “We are pleased to formalise our partnership with MUFG Bank (Malaysia) through this MOU, which aims to further strengthen and deepen Malaysia-Japan economic collaboration. This strategic alliance will actively promote investment opportunities in high- value and competitive sectors by facilitating bilateral investments. By leveraging our extensive business networks and ecosystems, we seek to foster joint ventures and strategic partnerships between Malaysian and Japanese companies.”

“We will also work together to position Malaysia as a welcoming destination for Japanese investors, including through events and outreach activities that support mutual engagement. This MOU is a milestone in enhancing the economic ties between Malaysia and Japan, reinforcing our commitment to sustainable industrial growth and bilateral prosperity,” he further added.

Motohide Okuda, CEO and Country Head of MUFG Malaysia, said, “MUFG is honoured to mark this significant milestone with MIDA. This MoU reflects a shared vision to support Malaysia’s economic growth by leveraging on our global network to promote high quality inbound investments from our global and Japanese corporates and further contribute to the sustainable development and long-term success of Malaysia.”

“We are especially grateful to Datuk Sikh Shamsul, CEO of MIDA, for his continuous support and proactive engagement through other MUFG platforms such as MUFG N0W (Net Zero World) which was held in Sarawak on 20 March 2025 and MUFG’s Semiconductor Seminar, in Penang, on 29 July 2025. His insights have been instrumental in helping businesses understand Malaysia’s evolving investment landscape and exemplify how public-private collaboration can drive inclusive growth and build a resilient, future-
ready economy aligned to national priorities.”

The MoU signing was witnessed by MUFG Chairman, Kanetsugu Mike.

Left to right: Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, Kanetsugu Mike,

Chairman of MUFG and Motohide Okuda, CEO and Country Head of Malaysia.

-END-

About MIDA
The Malaysian Investment Development Authority (MIDA) is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI). MIDA oversees and drives investments into Malaysia’s manufacturing and services sectors. Headquartered in Kuala Lumpur Sentral, MIDA operates through 12 regional and 21 overseas offices, serving as a strategic partner to businesses in leveraging opportunities from the ongoing technological revolution. For more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook, LinkedIn, TikTok, and YouTube.

About MUFG
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups.
Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with
approximately 2,000 locations in more than 40 markets. The Group has about 140,000 employees
and offers services including commercial banking, trust banking, securities, credit cards, consumer
finance, asset management, and leasing.

The Group aims to “be the world’s most trusted financial group” through close collaboration among
our operating companies and flexibly respond to all of the financial needs of our customers, serving
society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on
the Tokyo, Nagoya, and New York stock exchanges.

MUFG Bank, Ltd. is Japan’s premier bank, with a global network spanning more than 40 markets.
Outside of Japan, the bank offers an extensive scope of commercial and investment banking
products and services to businesses, governments and individuals worldwide.

In Asia Pacific, MUFG has presence across Australia, Bangladesh, Cambodia, China, Hong Kong,
Indonesia, India, South Korea, Laos, Malaysia, Myanmar, New Zealand, Pakistan, Philippines,
Singapore, Sri Lanka, Taiwan, Thailand and Vietnam.

It has also formed strategic partnerships with some of the most prominent banks in South-east
Asia, further augmenting its unrivalled network across the region – VietinBank in Vietnam, Krungsri
in Thailand, Security Bank in the Philippines and Bank Danamon in Indonesia.

For more information about our Asia Pacific network, click here

About MUFG Bank (Malaysia) Berhad

MUFG Bank (Malaysia) Berhad (MUFG) is a subsidiary of Mitsubishi UFJ Financial Group.
MUFG’s presence in Malaysia dates back to 1957 and has since established long-term client
relationships comprising local, global, and Japanese corporates. The bank has branches in Kuala
Lumpur and Labuan.

In 2008, MUFG established an Islamic banking arm, the first Japanese bank to do so in Malaysia,
and has contributed to industry milestones such as the launch of the world’s first Yen-denominated
Sukuk. Through its twin hub located out of the Dubai International Financial Centre (DIFC), and in
tandem with consolidated group subsidiary PT Bank Danamon Indonesia’s Islamic banking entity,
MUFG currently provides a comprehensive suite of Shariah-compliant banking products and
advisory services in Asia Pacific and globally.

MUFG is also a firm supporter of Malaysia’s renewable energy hub aspirations and pivot towards
critical industry sectors, having hosted public engagement sessions such as the flagship MUFG
N0W (Net Zero World) regional thought leadership event and a MUFG semiconductor conference
in Sarawak and Penang respectively. MUFG Malaysia was twice awarded Best Sustainable Bank
(International) by FinanceAsia in 2023 and 2024.

For media enquiries, please contact:

MIDA
Ms. Lim Ming Yee
Director, Foreign Investment Division
No.: +603-2267 3762 | Email: [email protected]

About MUFG Bank (Malaysia) Berhad
Ms. Valerie Vu
Corporate Communications
MUFG Bank (Malaysia) Berhad
Email: [email protected]

MIDA and MUFG Bank Partner to Drive Malaysia’s Innovation Economy

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KUALA LUMPUR, Malaysia [August 30 August 2024] – Zhuhai CosMX Battery Co Ltd, (SHH: 688772), a global manufacturer of consumer lithium-ion batteries and power lithium-ion batteries, has announced plans to build its first manufacturing plant in Kedah, Malaysia. The new facility under Unimx Technology Malaysia Sdn. Bhd. will be implemented in several phases at Kulim East Industrial Park, with groundbreaking expected to begin soon (in the last quarter of 2024). This substantial RM1 billion investment marks a significant milestone in the company’s global expansion strategy, towards enhancing its manufacturing capabilities to serve the increasing demand in the lithium-ion battery segment globally.

YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI) congratulated the company, stated, “Zhuhai CosMX’s RM1 billion investment clearly affirms Malaysia’s position not only as a preferred investment destination for tech-based companies, but also as a country that is serious about the swift implementation of investors’ commitments. MITI and MIDA’s strong drive to creating the right environment for businesses to thrive have resulted in increased investment flows, more high-skilled jobs, as well as a stronger boost to our E&E supply chain and semiconductor exports. This investment also aligns with the mission of our New Industrial Master Plan (NIMP) 2030 to enhance our industries’ economic complexity, while helping to solidify Malaysia’s position as a key manufacturing and services hub for ASEAN and Asia.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), warmly welcomed the new investment from Zhuhai CosMX in Malaysia, stating “We’re excited about this project, which is set to create over 1,000 jobs and boost our nation’s skilled workforce and tech capabilities. Revolutionising battery technology is no easy task, but MIDA is proud to support and facilitate Zhuhai CosMX on this ambitious journey. Their cutting-edge expertise is going to have a big ripple effect on our local ecosystem. As a partner, we are committed to providing Zhuhai ÇosMX with the support and facilitation they need for the project to succeed, and we’re confident that their presence will have a positive impact on both the economy and rakyat.”

YB Dr. Haim Hilman bin Abdullah Kedah State Executive Council Members (Committee Chairman of Industry & Investment, Higher Education and Science, Technology & Innovation of Kedah Darul Aman) said as a pro-business government, Kedah State Government welcomes Zhuhai CosMX to set up their lithium-ion battery factory in Kulim, Kedah. There is a lot of potential for Kulim East Industrial Park to be the new hub for energy storage production in the northern part of Malaysia. This investment is a testament to the state’s economic potential and confidence in our investment climate. We hope this investment will result in economic growth, technology transfer and skill development, ultimately benefiting our workforce and society.

In addition, Mr. Noor Ikhsan Abdul Aziz, Chief Operating Officer of the Invest Kedah Berhad said “Alongside MIDA, Invest Kedah Berhad, as the state’s One-stop Center agency is here to provide assistance and facilitate a smooth investment process, all the way starting from pre-investment until post-investment stages. We understand that challenges may arise, and rest assured, we stand ready to address any concerns and provide the necessary support.”

Mr. Xu Yanming, Chairman of CosMX, said “On behalf of CosMX, I express immense joy and pride in the upcoming investment to construct a lithium-ion battery factory in Malaysia. This marks a significant step in our global strategic deployment and is a testament to our recognition and trust in Malaysia as an investment destination. We extend our heartfelt gratitude to MITI, MIDA, and Invest Kedah for their support and assistance. CosMX has always adhered to the concept of green development, committed to reducing environmental impact through technological innovation and industrial upgrading. We are looking forward to working together with our Malaysian partners and community to build this factory into a model project, achieving success not only economically but also setting a benchmark in promoting sustainable development.”

*****

About MIDA

MIDA is the government’s principal investment promotion and development 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, TikTok and YouTube channel.

About InvestKedah

Invest Kedah Berhad (IKB) is an Investment Promotion Agency (IPA) for the State of Kedah that acts as the first window or One Stop Centre for all investments into the State of Kedah. IKB was entrusted by The Kedah State Government to attract, facilitate and support business investments in Kedah. IKB plays the vital role of working with government agencies and local authorities to ensure a seamless setup process for local and international investors starting from pre-investment until post-investment stages. For the first quarter of 2024, Invest Kedah helped Kedah to secure the top spot with an investment of RM31.3 billion which is the highest among the states in Malaysia. For more information, please visit www.investkedah.com and follow us on our social media platforms.

About Zhuhai CosMX Battery Co Ltd

CosMX was established in 2007 and headquartered in Zhuhai. It has three main production bases in Zhuhai, Chongqing, Zhejiang and has established a factory in India. CosMX is one of the worldwide major suppliers of consumer Li-ion batteries, and has long served for world’s well-known customers in the field of PCs, notebooks, tablets, smart phones, smart wearables, power tools, drones and other fields.
In the field of power batteries, CosMX have been recognized as qualified supplier for many automotive manufacturers after years of accumulation. At present, CosMX has entered the fields of electric motorcycles, automotive start-up batteries, energy storage, and will proceed into BEV and high-voltage energy storage fields based on market trends and its own strategic position. Additional information can be found at http://www.cosmx.com/.

Media Contacts:

MIDA

Ms. Noor Suziyanti Binti Saad
Director, Electrical and Electronics Division
Email: [email protected]
Tel.: +603-2267 3575

InvestKedah

Mr. Noor Ikhsan bin Hj. Abdul Aziz
Chief Operating Officer
C Block, 3rd Floor,
Wisma Darul Aman,
05503 Alor Setar, Kedah
Email: [email protected] | Tel: (6) 04-702 7373 | Fax: (6) 04-702 7382

Zhuhai CosMX Battery Co Ltd

Mr. Li Junwei
Vice President
Email: [email protected]

Zhuhai CosMX Announces RM1 Billion Investment for First Manufacturing Plant in Kedah, Malaysia

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Penang, 26 August 2024 – RIGOL Technologies Co., Ltd., a company specialising in design, development, production, and sales of electronic test and measurement instruments. RIGOL’s products are recognised globally for its high cost-performance ratio and innovative technology, and they are widely used in education, research, industrial manufacturing, and communications. The company today announced the establishment of its subsidiary company in Penang, Malaysia, which is the first overseas manufacturing plant, R&D centre, and service centre. The new facility RIGOL TECHNOLOGIES (MALAYSIA) SDN. BHD. is situated on 90,040 square feet of land with a factory footprint of 78,024 square feet.

With a total investment of over RM100 million, the new facility is divided into two main phases. The first phase, consisting of multiple production lines, has already commenced operations, focusing on the production of electronic test and measurement instruments. The second phase will erect additional production lines and concentrate on establishing an advanced R&D centre and a comprehensive overseas service centre to support RIGOL’s ongoing commitment to innovation and customer service.

The Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, congratulated RIGOL on the opening of its new manufacturing facility, stating, ” We’re excited that RIGOL chose Malaysia for its first manufacturing plant outside of China! This investment not only creates high-value jobs, but it’s also a big opportunity for Malaysia to move up the supply chain ladder. The most important distinction here is how it aligns with the New Industrial Master Plan (NIMP) 2030, which is all about driving innovation and growth in the E&E sector. At MIDA, we’re fully committed to facilitating developments like this that take Malaysia’s manufacturing sector to the next level. We’re looking forward to a productive partnership with RIGOL and hope other industrial specialists will consider Malaysia as their investment destination. Together, we can drive mutual growth and continue to enhance Malaysia’s high-tech ecosystem.”

Dato’ Loo Lee Lian, Chief Executive Officer of InvestPenang, stated, “Penang, also known as the Silicon Valley of the East, has over half-a-century of industrialisation experience, making it a natural hub for attracting industry players within the E&E sector. Its established infrastructure, skilled workforce, and strategic location have consistently drawn leading global companies to set up and expand their operations here, reinforcing the state’s reputation as a premier destination for high-tech manufacturing and innovation. With that, I am confident RIGOL will be able to leverage on Penang’s robust industrial ecosystem to continue to uphold its mission of ‘enabling technology exploration, empowering possibilities and more’”.

Mr. Wang Ning, the Chief Executive Officer of RIGOL Technologies Co., Ltd., stated, ” RIGOL TECHNOLOGIES (MALAYSIA) SDN. BHD. not only represents a significant milestone in our global expansion strategy, but also underscores our dedication to delivering exceptional service to our international customers. By enhancing our service capabilities in overseas markets, we are positioning ourselves to better meet the growing demands of our clients, while simultaneously ensuring that we remain agile and responsive. Furthermore, this initiative allows us to maintain steady growth within the industry. By creating 150 job opportunities, RIGOL Technologies aims to nurture and develop a new generation of professionals in related technological fields. This is an exciting time for RIGOL, as we continue to build on our legacy of innovation and excellence.”

**The End**

About MIDA

About InvestPenang
InvestPenang is the Penang State Government’s principal agency for the promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realise its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention), and Global Business Services (GBS) Focus Group (promoting and developing digital economy). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn; WhatsApp Channel.

About RIGOL Technologies, Inc

Founded in 1998, RIGOL is a global leader in providing test and measurement solutions, dedicated to offering high-performance, high-quality products. The company continues to drive innovation, delivering superior technical support and solutions to customers worldwide.

Media contacts:

MIDA
Ms. Noor Suziyanti Saad,
Director, Electrical & Electronics Division
E: [email protected]
Tel.: +603-2267 3575l.: +603-2267 3575

InvestPenang
Ms. Elaine Cheah / Ms. Michelle Goy
Communications & Business Intelligence
Email: [email protected] / [email protected]
Tel.: +604 6468833

Rigol Technologies (Malaysia) Sdn. Bhd.
Plot 12 & 13, Hilir Sungai Keluang 3, Bayan Lepas Free Industrial Zone Phase 4, 11900
Bayan Lepas, Penang | https://int.rigol.com/
Mr. Lee Jun Holme
Technical Support Manager
E-mail : [email protected]
Tel.: +604-611 9929/+604-644 1181

RIGOL Strengthens Global Presence With RM100 Million Investment In Its First Manufacturing Facility And R&D Centre In Penang, Malaysia

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KUALA LUMPUR, 4 Julai 2024 – Suruhanjaya Komunikasi dan Multimedia Malaysia (MCMC) menjalin kerjasama strategik dengan Lembaga Pembangunan Pelaburan Malaysia (MIDA) melalui pertukaran Memorandum Persefahaman (MoU) untuk menjalankan program serta inisiatif dengan memanfaatkan rangkaian 5G dalam sektor vertikal serta perusahaan kecil dan sederhana (PKS).

MoU ini juga meningkatkan akses teknologi dan infrastruktur 5G untuk sektor vertikal serta PKS menerusi manfaat pendigitalan. MCMC akan menyediakan sokongan teknikal dan latihan bagi integrasi 5G di samping menekankan kepentingan teknologi 5G kepada industri yang terlibat. MIDA pula mempromosikan kesedaran manfaat 5G kepada industri.

Majlis pertukaran MoU antara Pengerusi MCMC, Tan Sri Mohamad Salim bin Fateh Din dengan Ketua Pegawai Eksekutif MIDA, Sikh Shamsul Sikh Abdul Majid, disaksikan oleh Menteri Komunikasi, YB Fahmi Fadzil dan Menteri Pelaburan, Perdagangan dan Industri (MITI), YB Senator Tengku Datuk Seri Utama Zafrul Aziz.

Menurut Tan Sri Mohamad Salim, “Kerjasama antara MCMC dengan MIDA membuktikan pendekatan kolaboratif sebagai langkah terbaik untuk memacu inisiatif 5G sekali gus memastikan penerimagunaan 5G yang lebih efisien dan pantas dalam menghadapi pelbagai cabaran.”

Sikh Shamsul Sikh pula menyifatkan, “Kolaborasi ini menjadi salah satu pemangkin utama dalam memacu adaptasi teknologi 5G dan transformasi digital, terutamanya PKS di Malaysia. MIDA komited untuk mewujudkan persekitaran yang kondusif, terutamanya dalam memastikan liputan 5G tersedia di kawasan perindustrian. Integrasi teknologi 5G ini bukan sahaja akan meningkatkan produktiviti dalam sektor perkilangan dan perkhidmatan, malahan menjadikan Malaysia sebagai peneraju inovasi digital di rantau ini, sekali gus memacu pertumbuhan ekonomi serta meningkatkan daya saing negara di peringkat global.”

Pemeteraian MoU ini selaras dengan aspirasi Ekonomi MADANI dan merupakan langkah penting ke arah merealisasikan matlamat ekonomi digital Malaysia untuk menyumbang 25.5% kepada Keluaran Dalam Negara Kasar (KDNK) menjelang 2025.

Inisiatif ini juga bertepatan dengan matlamat yang digariskan dalam Pelan Induk Perindustrian Baharu 2030 (NIMP 2030), khususnya dalam misi Tech Up for a Digitally Vibrant Nation yang menekankan kepentingan untuk mengadaptasi teknologi digital bagi mewujudkan 3,000 kilang pintar di negara ini.

Hingga 31 Mei 2024, capaian liputan 5G di kawasan berpenduduk di seluruh negara telah mencecah 81.7% dan melibatkan sebanyak 14.1 juta langganan 5G.

Turut hadir Ketua Setiausaha Kementerian Komunikasi, YBhg. Datuk Mohamad Fauzi bin Md Isa, Ketua Setiausaha MITI, YBhg. Datuk Hairil Yahri Yaacob, dan Pengerusi MIDA, YBhg. Tan Sri Sulaiman Mahbob.

Dikeluarkan oleh:

KOMUNIKASI KORPORAT MCMC & MIDA

MOU MCMC – MIDA Bantu PKS Dan Sektor Vertikal Melalui Manfaat Rangkaian 5G

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Kulim, 8 August 2024 – Recognising the rapid growth of power semiconductors driven by decarbonisation, particularly those based on wide bandgap materials, Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) (“Infineon”), a leader in Power Systems and IoT, is taking a significant step to shape the industry by expanding its Kulim 3 fab building on the investment announced in February 2022. Infineon will invest an additional RM30.1 billion (€5 billion) for Phase 2, on top of the original €2 billion for Phase 1, to construct the world’s largest 200-millimetre silicon carbide power fabrication plant. Both Phase 1 and Phase 2 will generate 900 and 600 high value jobs in Malaysia, respectively. In total, 4,000 jobs will be created. The Kulim 3 fab building incorporates advanced energy efficiency and sustainable practices.

The Minister of Investment, Trade and Industry (MITI), YB Senator Tengku Datuk Seri Utama Zafrul Aziz applauded Infineon’s decision to expand its presence in Malaysia, stating, “Infineon’s world’s largest 200mm silicon carbide (SiC) power fab being constructed in Malaysia highlights our nation’s growing credibility as a regional hub for cutting-edge technology and innovation in the semiconductor space. We warmly welcome long-term, committed partners like Infineon to, among others, enhance our economic complexity and push for net zero, as laid out in the New Industrial Master Plan 2030. Infineon’s additional RM30.1 billion investment in cutting-edge manufacturing technologies will not only drive innovation and our industrial reform agenda, but also create 1,500 high-skilled job opportunities for Malaysians. A robust industrial talent pipeline, ESG considerations and ecosystem development are key, and this is where our National Semiconductor Strategy will play its role towards attracting more high-quality investments that will drive Malaysia’s industrial reforms and sustainable growth.”

MIDA’s Chief Executive Officer, Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, who attended the event, remarked, “Infineon’s expansion significantly strengthens Malaysia’s position in the global semiconductor supply chain. As decarbonisation gains pace, this investment highlights the Government’s dedication to green technologies and sustainable development, in line with the Green Investment Strategy (GIS). Infineon has been a key partner in these efforts, and their growth in Kulim is a major step for sustainable socio-economic progress. By attracting foreign investments in green technology, we are enhancing our green investment ecosystem as well as the local supply chain. MIDA thanks Infineon for their innovative solutions and sustainability efforts, and we look forward to our continued partnership.”

“We have a clear vision at Infineon: Driving decarbonisation and digitalisation. Together. Infineon Kulim plays a significant role in fulfilling this vision”, said Jochen Hanebeck, CEO of Infineon Technologies AG at the opening ceremony. “When the second phase of the Kulim expansion is completed, this will be the largest and most competitive 200-millimeter silicon carbide power semiconductor fab in the world.” He added: “Today’s event is proof that we are not alone in our efforts to achieve a climate-neutral future. We have a strong network of customers, suppliers and partners that are working towards one common goal: We want to use innovative solutions to ensure that our planet remains a place worth living on.”

Malaysia assumes a pivotal role in the global semiconductor supply chain. In 2023, the electrical and electronics (E&E) industry secured RM85.4 billion in approved investments. E&E is the major contributor to the country’s GDP growth, and is the sixth (6^th) largest semiconductor exporter with a 7.5% global market share, as well as 13% of the global share for chip assembly.

With one of the most diverse semiconductor sectors in the Asia Pacific, Malaysia has seen impressive growth. In the first quarter of 2024 alone, the industry attracted RM34.3 billion in approved investments from 34 projects, creating 6,221 new jobs. This development aligns with the National Semiconductor Strategy (NSS), which has set a bold target to attract at least RM500 billion in investment for the semiconductor industry, in the first phase of the plan.

**The End**

About MIDA

Media Contacts

Ms. Noor Suziyanti Saad
Director, Electrical and Electronics Division, MIDA
Email: [email protected] | DL: +60322673575

Infineon’s €7 Billion World’s Largest, Resource-Efficient 200mm SiC Power Fab in Kulim to Create 1,500 High-Value Jobs

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Kuala Lumpur, California, 8 August 2024 – Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global leader in high-performance battery technology, is proud to announce the grand opening of its first high-volume manufacturing facility (“Fab2”) in Malaysia. This state-of-the-art facility has already commenced the production of high-energy density batteries and is currently hosting visits from leading global customers. Enovix plans to invest a total of USD1.2 billion (RM5.8 billion) in Malaysia over the next 15 years.

YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade, and Industry (MITI), stated, “Enovix’s Fab2 is a huge step for Malaysia in the global supply chain for advanced battery technologies, highlighting our country’s conducive investment landscape. It also fulfils our objective to attract the right high-tech industries to enhance the nation’s economic complexity, as outlined in the New Industrial Master Plan (NIMP) 2030. We welcome this new facility, which is a significant milestone for Enovix, and strongly supports our NIMP’s goals by fostering innovation, creating high-value jobs, and driving sustainable growth, while increasingly positioning Malaysia a global hub for cutting-edge technology.”

Present at the ceremony today were YB Jagdeep Singh Deo, Penang’s Deputy Chief Minister II as well as senior officials of the Malaysian Investment Development Authority (MIDA), extended a warm welcome to Enovix for selecting Malaysia as the location for its state-of-the-art facility.

YB Jagdeep Singh Deo stated, “Today’s opening ceremony for the establishment Enovix’s first high-volume manufacturing facility in Malaysia signifies the beginning of an exciting chapter for the company. The State is honoured to be selected to house this esteemed facility which will definitely bring positive technological and economic spillovers for not only Penang, but the northern region of Malaysia.”

Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer (CEO) of MIDA, expressed, “Enovix’s significant investment in Malaysia will create jobs and enhance our workforce’s technological capabilities. MIDA is proud to support Enovix in their mission to revolutionise battery technology, and we believe that their cutting-edge expertise will have a multiplier effect on our local ecosystem. As a partner, we’re committed to providing Enovix with the support and facilitation they need to succeed, and we’re confident that their presence will have a positive impact on the nation’s economy and rakyat. We’re looking forward to working closely with Enovix to achieve their goals and make a difference in the industry.”

Dato’ Ajay Marathe, Chief Operating Officer of Enovix, said, “We are thrilled to open our doors at Fab2 and showcase our advanced manufacturing process of a cutting-edge batteries that we believe will usher in a new era of products for leading customers. We have been able to draw upon Malaysia’s deep pool of technical talent and are appreciative of the country’s business-friendly climate and close proximity to our customers and vendors.”

Enovix, headquartered in the United States of America, also operates in India, Korea and Malaysia. Enovix’s innovative battery technology is utilised across a diverse range of application, including internet of things (IoT), mobile phones, computing devices and vehicles.

-ENDS-

About MIDA

About InvestPenang

InvestPenang is the Penang State Government’s principal agency for the promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention), and Global Business Services (GBS) Focus Group (promoting and developing digital economy). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn; Whatsapp Channel.

About Enovix

Enovix is on a mission to deliver high-performance batteries that unlock the full potential of technology products. Everything from IoT, mobile, and computing devices, to the vehicle you drive, needs a better battery. Enovix partners with OEMs worldwide to usher in a new era of user experiences. Our innovative, materials-agnostic approach to building a higher performing battery without compromising safety keeps us flexible and on the cutting-edge of battery technology innovation.

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “will,” “goal,” “prioritize,” “plan,” “target,” “expect,” “focus,” “look forward,” “opportunity,” “believe,” “estimate,” “continue,” “anticipate,” and “pursue” or the negative of these terms or similar expressions. Forward-looking statements include, but are not limited to, statements regarding our expectations regarding, and our ability to respond to, market and customer demand, commercialization and R&D activities. Forward looking statements also include the following: Enovix’s investment in Malaysia over the long term, the partnership with YBS, and the ability to realize tax incentives from Malaysia. Actual results could differ materially from these forward-looking statements as a result of certain risks and uncertainties, including, without limitation, our ability to improve energy density among our products, our ability to establish sufficient manufacturing and optimize manufacturing processes to meet demand, sourcing or establishing supply relationships, adequate funds to acquire our next manufacturing facility, market acceptance of our products, changes in consumer preferences or demands, changes in industry standards, the impact of technological development and competition, and global economic conditions, including inflationary and supply chain pressures, and political, social, and economic instability, including as a result of armed conflict, war or threat of war, terrorist activity or other security concerns or trade and other international disputes that could disrupt supply or delivery of, or demand for, our products. For additional information on these risks and uncertainties and other potential factors that could affect our business and financial results or cause actual results to differ from the results predicted, please refer to our filings with the Securities and Exchange Commission (the “SEC”), including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our most recently filed annual report on Form 10-K and quarterly report on Form 10-Q and other documents that we have filed, or that we will file, with the SEC. Any forward-looking statements made by us in this release speak only as of the date on which they are made and subsequent events may cause these expectations to change. We disclaim any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise, except as required by law.

For media enquiries, please contact:

MIDA
Ms. Noor Suziyanti Saad
Electrical and Electronics Division
Email: [email protected]
Tel: +603-2267 3575

InvestPenang
Elaine Cheah / Michelle Goy
Communications & Business Intelligence
Email: [email protected] / [email protected]
Tel: +604- 646 8833

Enovix Corporation
Charles Anderson
Email: [email protected]
Phone: +1 (612) 229-9729

Enovix Corporation Inaugurates Its USD1.2 Billion High-Volume Manufacturing Facility in Malaysia

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Johor Bahru, 1 August 2024 – iMin Technology, the leading provider of Android-based Point of Sales (POS) hardware and platform provider in Southeast Asia, proudly announces the grand opening of its cutting-edge manufacturing facility in Johor, Malaysia. Operated through Neostra Technology Sdn. Bhd., this new plant marks iMin’s first production facility in Malaysia and represents a significant milestone in the company’s expansion strategy.

The opening ceremony was graced by YB Lee Ting Han, Johor State Executive Member and Chairman of Investment, Trade, Consumer Affairs and Human Resources Committee; Mr. Vinothan Tulisinathzan, Director of the Malaysian Investment Development Authority (MIDA) Singapore; Mr. Mohamad Reduan Mohd Zabri, Director of MIDA Johor; Mr. Hu Aimin, Chief Executive Officer (CEO) of iMin Technology; alongside other dignitaries.

iMin’s expansion into Johor enhances its manufacturing capabilities and strengthens its supply chain to meet the global demand from its fast-growing clientele. YB Lee Ting Han, in his speech, expressed that “iMin’s strategic decision to set up a production facility here (Johor) reflects a strong vote of confidence in our country’s robust economic policies, political stability and business regulations.” He also noted that Malaysia and Singapore have shared a robust and mutually beneficial economic and trade relationship, and this collaboration will serve to keep the positive momentum going, while creating jobs and fostering innovation between the two nations.

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, conveyed his gratitude and congratulatory wishes to Neostra Technology Sdn. Bhd. for establishing its first production facility outside China. He emphasised that the innovative technologies and products developed by Neostra, especially the intelligent hardware system for enterprises, will seamlessly integrate into the digitalisation of industries through the Internet-of-Things (IoT) and artificial intelligence (AI) which is imperative for productivity and efficiency. “Malaysia’s technology sector is on the brink of significant growth, propelled by strategic initiatives such as the National Policy on Industry 4.0 and the Digital Blueprint. Our vision is to empower Malaysians with digital skills, enabling digital powered business and driving digital transformation through AI, data analytics, cloud computing, IoT, cybersecurity, and robotics. MIDA as the principal investment promotion agency under MITI will continue to assume a pivotal role in fostering Malaysia’s technology sector.”

Mr. Hu Aimin, CEO of iMin Technology, also expressed his excitement about the inauguration of the new production facility and shared that the plant signifies iMin’s commitment towards continued investment in innovation and advancing the level of POS hardware globally across sectors. He shared positive sentiments about Malaysia’s business landscape and the company’s expansion: “Malaysia offers a conducive environment for business growth, with its robust infrastructure, skilled workforce, and supportive government policies. Our decision to establish a manufacturing facility here is a strategic move to tap into the vast opportunities that Malaysia presents. We are confident that our presence in Malaysia will not only enhance our production capabilities, but also contribute significantly to the local economy and community. We look forward to a successful journey ahead in this promising market.”

The opening of this facility in Johor marks the start of more than just an expansion; it begins a dynamic exchange of knowledge and expertise. iMin’s deep industry knowledge and advanced technological capabilities will facilitate a valuable transfer of information and skills to the local workforce and industry partners. The integration of global expertise with local insights will drive innovation and elevate industry standards, creating a collaborative environment that will benefit both iMin and the broader business community in Malaysia.

From left: Mr. Mohamad Reduan Mohd Zabri, Director of MIDA Johor; Mr. Hu Aimin, Chief Executive Officer (CEO) of iMin Technology; YB Lee Ting Han, Johor State Executive Member and Chairman of Investment, Trade, Consumer Affairs and Human Resources Committee; Mr. Vinothan Tulisinathzan, Director of MIDA Singapore; and Mr. Richard Xu, Partner Imin Technology.

***The End***

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, TikTok and YouTube channel.

About iMin Technology
iMin Technology is a Singaporean-based company that was founded in 2018. Dubbed the No.1 most trusted Android POS Hardware brand in Southeast Asia, iMin develops and manufactures a wide range of intelligent commercial hardware solutions, such as electronic cash registers (ECR), mobile POS devices, kiosks and more. Their global footprint covers over 100+ countries, and they are committed to deliver Android-based POS devices that boast superior performances and effectiveness across spectrums of commercial applications.

For media enquiries:

MIDA
Ms. Noor Suziyanti Saad,
Director, Electrical & Electronics Division
E: [email protected]
Tel.: +603-2267 3575

Neostra Technology Sdn. Bhd.
Mr.Lim Sow Wei
Deputy General Manager
E: [email protected]
Tel.: +607597 0504

Singapore-Based iMin Technology Enters Johor, Malaysia With New State-of-the-Art Production Facility

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A 14MWp rooftop solar PV system to be installed at Toyo’s main buildings facilities, the largest of its kind in Kamunting, Perak.
This allows TTM to offset 12,195 tonnes of carbon dioxide annually.
The allowable capacity for solar PV systems under the NEM and SELCO programme has raised from 75% to 85% of maximum demand, which encourage more companies to adopt solar energy.

Kuala Lumpur, 28 August 2023 – Clean energy expert, Solarvest Holdings Berhad (“Solarvest” or the “Group”) has secured a new contract from Toyo Tyre Malaysia Sdn. Bhd. (“TTM”) to install a 14 megawatt-peak (“MWp”) rooftop solar photovoltaic (“PV”) system at its tyre manufacturing plant in Kamunting, Perak, the largest of its kind in the area.

Under the contract, the Group will undertake the engineering, procurement, construction, and commission (“EPCC”) works for the installation of solar PV system at the main buildings facilities covering a rooftop area of 96,000 square meters (“sqm”). With the expected generation of 14MWp of clean energy, it allows TTM to offset 12,195 tonnes of carbon dioxide annually.

Datuk Wira Arham Abdul Rahman, the Chief Executive Officer of Malaysian Investment Development Authority (“MIDA”), highlighted the strong dedication of TTM in maintaining sustainable operations. He emphasised, “As the world transitions to a low-carbon future and a greener economy, MIDA is taking steps to help businesses overcome the challenges and capture the opportunities on the green transition. We applaud TTM’s RE100 initiatives, which underscore their firm commitment to Environment, Social and Governance (“ESG”) principles within their corporate framework by collaborating with Solarvest to establish a rooftop solar PV system. This commitment aligns with our National Investment Aspirations (“NIA”) and the New Investment Policy “(NIP”), as well as the recently announced National Energy Transition Roadmap (“NETR”) which are crucial in nurturing sustainable growth and forging a greener future for Malaysia and rakyat.”

Executive Director and Group Chief Executive Officer of Solarvest, Mr. Davis Chong Chun Shiong (张俊雄) said, “We are delighted to have been chosen by TTM to undertake this project and appreciate the confidence they have placed in our technical expertise. With our knowledge and experience, we are confident in our ability to assist TTM in achieving optimal energy efficiency for the plant while ensuring timely project completion.”

“There is a growing interest in clean energy adoption, especially among commercial and industrial (“C&I”) players as corporate sustainability initiatives gain momentum and in anticipation of carbon pricing mechanisms. Our job pipeline remains strong with a tender book of approximately 2.2 gigawatts (“GW”) comprising large-scale power plants, C&I, and overseas projects. As a decarbonisation partner, Solarvest is committed to promoting energy transition through efficient renewable energy solutions and innovative green technologies” Mr. Davis concluded.

Following the Malaysian government’s commitment to encouraging energy efficiency and renewable energy transition, the allowable capacity for solar PV systems under the Net Energy Metering (“NEM”) and Self-Consumption for Solar PV Installation (“SelCo”) programmes had raised from 75% to 85% of maximum demand. TTM’s sustainability initiative is commendable as one of the first companies to adopt this new capacity limit, leading to the development of one of Perak’s largest rooftop solar PV systems.

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About Malaysian Investment Development Authority
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, TikTok and YouTube channel.

About Solarvest Holdings Berhad
Solarvest is a clean energy expert with a multi-national presence across Asia-Pacific. The Malaysia-based company started as a one-stop solar photovoltaic system solution provider for residential, commercial & industrial, and utility-scale solar farms. Today, Solarvest also owns renewable energy generation plants with a cumulative capacity of over 100MW (on-going and completed). The company is currently venturing into other clean energy solutions including, among others, energy efficiency, low-carbon mobility, and renewable energy certificates.

Solarvest is listed on the Main Market of Bursa Malaysia. For more information, log on to https://solarvest.my

Released on behalf of Solarvest Holdings Berhad by Capital Front Investor Relations

For media enquiries, kindly contact:

MIDA
Mr. Nelson Samuel Wilson, Director of Green Technlogy
(E) [email protected]
(T) +603-22673635

Solarvest Holdings Berhad
Ms Khai Min Lim, Investor Relations Executive
(E) [email protected]

Ms. Yvette Foo, Senior Digital and PR Marketing Executive
(E) [email protected]

Solarvest Advances Toyo Tyre’s RE100 Initiative with Largest Rooftop Solar PV System in Kamunting, Perak

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Kuala Lumpur, 28 August – The Malaysian Investment Development Authority (MIDA) today announced the digitisation of three key certificates in the manufacturing sector: the Manufacturing Licence, Permit PDA Certificate and Pioneer Status Certificate. This initiative is part of MIDA’s ongoing digital transformation journey, which aims to streamline government processes and delivery systems as well as to improve the ease of doing business in Malaysia.

The digitised certificates will be available through the InvestMalaysia Portal (https://investmalaysia.mida.gov.my). This portal was launched in 2021 and has since assumed an important role in facilitating investments in Malaysia. The digitisation of these manufacturing certificates will further enhance the efficiency and accessibility of the InvestMalaysia Portal, making it easier for investors to obtain the necessary approvals and permits.

“The digitisation of manufacturing certificates within the InvestMalaysia Portal is a significant step towards modernising, rethinking and re-engineering public services. This improves the investor’s journey by offering a more inclusive, seamless, and personalised service, which is very much aligned to one of the objectives of the upcoming New Industrial Master Plan 2030. Through this digitalisation initiative, MITI, through MIDA are also aiming to contribute to improved accountability, transparency and cybersecurity, all of which will further reinforce Malaysia’s positioning as a digital hub for the region.” said YB Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade and Industry (MITI).

Datuk Wira Arham Abdul Rahman, CEO of MIDA said, “Through the implementation of an end-to-end automation application process, MIDA aims to achieve shorter processing time, improve our client charter commitment to investors, and complete our digital transformation goals in supporting the industry’s current and future needs. This is a statement of our ambition to better leverage data and harness new technologies, and to drive broader efforts to build a digital economy. It will allow MIDA to respond to investors’ needs more effectively. MIDA will continue to be innovative and lead the way with supportive facilitation that promotes ease of doing business.”

A standout feature of this initiative is the integration of the Digital Organisation Trustmark seal featuring both the renowned MITI Trustmark (featured in ML and Permit PDA certificates) and MIDA Trustmark (featured in Pioneer Status Certificate). These seals are seamlessly embedded onto the license certificates, strengthening the security of the document which aligns with the provisions of the Digital Signature Act (DSA) 1997 and the Digital Signature Regulation (DSR) 1998. Moreover, the digitally enhanced certificates will incorporate a secure QR Code, providing a means of verification that assures these documents’ authenticity, which users can scan using a verification tool.

*****

About MIDA

MIDA is the Government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today 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 and Facebook, LinkedIn, TikTok and YouTube channel.

Media Contacts

MIDA
Mr. Norhizam Ibrahim
Director, Information Technology System Development Division
Email: [email protected]
Tel.: +603-2267 6611

MIDA’s Digitised Manufacturing Licence, Permit PDA and Pioneer Status Certificates to Enhance the Ease of Investors’ Business in Malaysia

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Dear InvestMalaysia Users,

Please note that we will be undergoing server maintenance, resulting in a temporary downtime, from 30th August 2023 (Wednesday) 7:00 pm to 31st August 2023 (Thursday) 8:00 pm.

During this time, the INvestMalaysia system will be unavailable. The maintenance is necessary to improve the performance and security of the system.

Thank you. for your patience and we sincerely apologize for any inconvenience this may have caused.

Notice of InvestMalaysia Server Maintenance

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MIDA has embarked on a digitisation initiative for its Manufacturing Licence, Permit PDA Certificate, and Pioneer Status Certificate. This is part of MIDA’s ongoing commitment to keeping up with the ease of delivery and ensuring that its online transactions are safe and secure.

The digitisation initiative includes strengthening the security and validity of documents through the use of digital trustmarks, namely the MITI Trustmark and MIDA Trustmark. These trustmarks will be embedded on these licence and certificates, and digital decision letters will be enhanced with a secured QR code. The digital documents can be verified for authenticity and integrity via eValidator, a mobile verification tool by Pos Digicert (available in the iOS App Store and Android Google Play). This also complies with the Digital Signature Act (DSA) 1997 and the Digital Signature Regulation (DSR) 1998.

The newly enhanced features will be made available through the InvestMalaysia Portal effective 1 September 2023 (Friday) via https://investmalaysia.mida.gov.my.

For any clarification, please do not hesitate to contact MIDA through the InvestMalaysia portal.

MIDA Embarks on Digitisation of Manufacturing Licence, Permit PDA, and Pioneer Status Certificates

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Kuala Lumpur, 7 Aug 2023 – EVE Energy Co. Ltd., a leading global lithium battery manufacturer, today announced the groundbreaking ceremony for its new manufacturing facility in Kulim, Kedah, Malaysia. The new factory, which will be EVE’s 53^rd, will have an initial investment of USD422 million and will focus on the production of cylindrical lithium-ion batteries to support power tools and electric two-wheelers manufacturing in the country and across Southeast Asia.

The ceremony was attended by YB Dato’ Wira Dr. Ku Abd Rahman bin Ku Ismail, Senior State Exco of Industrial and Investment, Science, Technology and Innovation and Higher Education; Ms. Lim Bee Vian, Deputy Chief Executive Officer (Investment Development) of the Malaysian Investment Development Authority (MIDA); Mr. Noor Ikhsan Bin Abdul Aziz, Chief Operating Officer of Invest Kedah; Dr. Haji Nadzman Bin Mustaffa, President of Kulim Municipal Council (MPKK); Mr. Zhou Youbin, Chinese Consulate General in Penang; Mr. Joe Chen, Director of EVE Energy Malaysia Sdn. Bhd., as well as other distinguished guests.

In his speech, Yang Berhormat Dato’ Wira Dr. Ku Abd Rahman bin Ku Ismail, Kedah Senior State Executive Council Members (Industry & Investment), noted that the Kedah State Government through Invest Kedah Berhad as a One Stop Centre for investment is always ready to provide assistance and facilitate a smooth investment process, starting from pre-investment all the way through to post-investment stages. This hands-on or handholding approach is one of the ways we approach investors more friendly in order to provide the best service. He also hopes that EVE Energy will continue to expand its footprint in Kulim and achieve unparalleled success in its operations.

Ms. Lim Bee Vian, DCEO (Investment Development) of MIDA, said in her speech, “Today’s celebration marks a crucial milestone that not only benefits EVE but also paves the way for more companies to invest in Malaysia in EV industry and its ecosystems. By collaborating with industry leaders like EVE, we can foster an environment of innovation and technological advancement.” “This project aligns perfectly with our nation’s Twelfth Malaysia Plan (12MP) and the National Automotive Policy 2020 (NAP), as we are committed to achieving net-zero greenhouse gas emissions by 2050. By establishing this cylindrical battery manufacturing plant in Malaysia, we demonstrate our commitment to competitiveness in the international market”, highlighted Ms. Lim.

She further added, “Our robust ecosystem, supported by strong R&D and standards facilities (through agencies like SIRIM), along with a thriving components’ sub-sector, positions us to cater to the entire EV value chain.”

“Relying on EVE’s domestic advantages and operational experience, we will build a cylindrical battery production base in Malaysia to support the electric two-wheelers and power tools in Malaysia. This initial project will be constructed in phases, and the construction period will not exceed three (3) years. This is an important milestone for EVE to expand our global businesses, enhance our comprehensive competitiveness and to further grow our global market share. And most importantly, to let us contribute to the development of electrical power ecosystem in Malaysia,” said Mr. Joe Chen, Director of EVE Energy Malaysia Sdn. Bhd.

-ENDS-

About MIDA

MIDA is the government’s principal investment promotion and development 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 Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About EVE Energy Co. Ltd.

Established in 2001, EVE Energy Co., Ltd. (hereinafter referred to as EVE) was first listed on Shenzhen GEM in 2009. After 22 years of rapid development, EVE is now a global lithium battery company which possesses core technologies and solutions for consumer batteries, power batteries and energy storage batteries. More information about EVE’s products can be found at www.evebattery.com/en

Media Contacts

MIDA
Mr. Riduan Abdul Rahman
Director, Transportation Technology Division
Email: [email protected]
Tel.: +603-2267 6634

EVE Energy Malaysia Sdn. Bhd.
Mr. Joe Chan
Director
Email: [email protected]
Tel.: +852-2195 3966

EVE Energy Holds Grounbreaking Ceremony for Its Plant in Kulim, Kedah

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KUALA LUMPUR, 3 August 2023 – Recognising decarbonisation greatly fuels the rapid growth of power semiconductors, in particular those based on wide bandgap materials, Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) (“Infineon”), a leader in Power Systems, is now taking a further step to shape the industry by significantly expanding its Kulim fab – over and above the original investment announced in February 2022. The company unveiled its plan to build the world’s largest 200mm SiC (silicon carbide) Power Fab. Infineon will invest additionally up to €5 billion over the next five years in Kulim in a second phase of the construction of module 3.

The Minister of Investment, Trade and Industry (MITI), YB Senator Tengku Datuk Seri Utama Zafrul Aziz said, “Infineon’s expansion of their world-class silicon carbide facility in Kulim represents a significant milestone in Malaysia’s journey towards developing advanced manufacturing capabilities. This expansion not only creates high-skilled employment opportunities, but also positions Malaysia as a frontrunner in driving green technologies, a crucial aspect of achieving our global sustainable development goals. We value the trust, confidence and recognition in Malaysia’s promising growth prospects shown by esteemed German corporations like Infineon. The cutting-edge power semiconductor technologies produced in Infineon’s SiC Power Fab is a milestone development towards elevating Malaysia’s position in the semiconductor industry, while also fostering a partnership focused on creating a more sustainable future for our nation and the world”.

Commenting on Infineon Technologies’ monumental achievement, the Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), Datuk Wira Arham Abdul Rahman, expressed, “Infineon Technologies’ achievement in Malaysia is a source of great pride for MIDA. The company’s advanced manufacturing operations and continuous expansion in the country, along with its adoption of new digital capabilities, are truly commendable. MIDA reaffirms its commitment to facilitate industry players including Infineon Technologies to foster further growth in the electrical and electronics (E&E) industry. This investment reflects the nation’s commitment to fostering an inclusive and vibrant economy, generating various opportunities for local talents and industry supply chains.”

Jochen Hanebeck, CEO of Infineon, expressed appreciation to the Government of Malaysia, particularly MITI and MIDA, for their instrumental role in realising Infineon Technologies’ ambitious vision for significant expansion in Malaysia.

“The market for silicon carbide shows accelerating growth, not only in automotive but also in a broad range of industrial applications such as solar, energy storage and high-power EV charging. With the Kulim expansion, we will secure our leadership position in this market,” stated Jochen Hanebeck.

“With the industry’s leading scale and a unique cost position, we are leveraging our competitive position of best-in-class SiC trench technology, the broadest package portfolio and unrivaled application understanding. These factors are the areas of differentiation and success in the industry,” he added.

Malaysia assumes an important role in the global semiconductor supply chain ecosystem. Infineon Technologies’ further investments complement the National Investment Aspirations (NIA) and the New Industrial Master Plan 2030’s focus on attracting high-tech and high-value investments to support the country’s economic growth. The E&E industry is a significant catalyst for the Malaysian economy, playing a pivotal role in its growth and development, contributing nearly 7% of the country’s Gross Domestic Product (GDP). In the first quarter of 2023, the industry recorded RM2.06 billion worth of approved investments, initiated from 16 projects which would generate 1,729 higher-paying job opportunities. E&E exports for the same period were RM142 billion, a 3.3% increase compared to the corresponding period last year.

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About MIDA
MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees. 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 channel.

About Infineon
Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The company has around 56,200 employees worldwide and generated revenue of about €14.2 billion in the 2022 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).

Further information is available at www.infineon.com

Media contacts:

MIDA
Ms. Noor Suziyanti Saad
Director, Electrical and Electronics Division, MIDA
Email: [email protected] | DL: +603-2267 3575

Infineon
Ms. Mazilifah Mohd Razak
Senior Communications Manager, Infineon Technologies (Kulim)
Email: [email protected] | Tel: +604-494 7224

Infineon to Build the World’s Largest 200mm SiC Power Fab in Kulim, Malaysia

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PENANG, 1 August 2023 — Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon battery company and YBS International Berhad (“YBS”) (MESDAQ: YBS:KLS), a Malaysia-based investment holding company with segments including electronic manufacturing and assembly, high-precision engineering, and precision machining and stamping, among others, came together today to mark a momentous occasion – the signing ceremony of the Manufacturing Supply Agreement (MSA). The event signifies the commencement of a strategic partnership between the two industry players and celebrates the establishment of a cutting-edge next-generation battery manufacturing facility in Penang Science Park.

Datuk Wira Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA) congratulates both Enovix and YBS on their partnership through the signing of this agreement. “The establishment of Enovix’s manufacturing hub in Malaysia marks a momentous step, bringing advanced silicon anode batteries technology to our shores. This presents a unique opportunity for local companies like YBS to collaborate and become an integral part of the global supply chain, benefitting from Enovix’s depth of expertise, economies of scale, and access to the latest technologies. Such alliances create a dynamic synergy, contributing to the robust growth of our nation’s economy, aligning perfectly with our National Investment Aspirations (NIA) and the New Investment Plan (NIP). Your partnership strengthens Malaysia’s position as an innovation-driven economy, and will allow us to continue creating new and exciting career opportunities for Malaysians.”

YAB Chow Kon Yeow, Caretaker Chief Minister of Penang stated, “Penang’s commendable performance speaks to the robust local ecosystem the state possesses, comprising of multinationals (MNCs), large local corporations (LLCs) and small-medium enterprises (SMEs). It is worth noting that the MNCs have played a significant role in developing the local capabilities, which translates to an increasing participation of the homegrown companies in the global supply chain. I am confident that the collaboration between YBS and Enovix today will follow similar path.”

Jackie Yong Chan Cheah, CEO of YBS International Berhad, expressed, “Enovix has an exciting battery technology. We believe Enovix will become a market leader and we look forward to supporting the company’s goals and sharing in its growth and success.”

Ajay Marathe, COO of Enovix Corporation, said, “We’re thrilled to announce this significant milestone in our journey to scale. In addition to working with YBS, we look forward to collaborating with MIDA, the Northern Corridor Economic Region and InvestPenang to secure investment incentive which will support our long-term goals in Malaysia. Malaysia, and especially the Penang region, is rich with semiconductor-trained engineers who have a manufacturing-excellence mindset. We’re pleased to advance our presence in the region to support our rapid growth.”

As part of the MSA, YBS, under the direction of Enovix, will provide the building and capital for equipment and labour for Fab2 and the Gen2 Autoline 1. Enovix announced earlier this year that it established Enovix Malaysia Sdn. Bhd. In addition, Enovix has hired over 30 people in Malaysia including the two leaders announced in March this year.

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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. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today 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 and Facebook, LinkedIn, TikTok and YouTube channel.

About InvestPenang

InvestPenang is the Penang State Government’s principal agency for promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centres. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs) and Penang CAT Center (for talent attraction and retention). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn.

About Enovix

Enovix is on a mission to power the technologies of the future. Everything from IoT, mobile and computing devices, to the vehicle you drive, needs a better battery. The company’s disruptive architecture enables a battery with high energy density and capacity without compromising safety. Enovix is scaling its silicon-anode, lithium-ion battery manufacturing capabilities to meet customer demand. For more information visit www.enovix.com and follow us on LinkedIn.

About YBS Internatational Berhad

YBS International Berhad (formerly known as LNG Resources Berhad) was incorporated in Malaysia as a public limited company in year 2002 under the Companies Act, 2016 as an investment holding company and was officially listed on the MESDAQ Market of the Bursa Malaysia Securities Berhad in year 2003.

Media Contacts:

MIDA
Ms. Noor Suziyanti Saad
Email: [email protected]
Tel.: +603 – 2267 3575

InvestPenang
Elaine Cheah / Michelle Goy
Email: [email protected] / [email protected]
Tel.: +604 – 646 8833

Enovix
Kristin Atkins
Email: [email protected]
Phone: +1 (650) 815-6934

YBS
Lim Ewe Huat
Email: [email protected]
Phone: +6013 – 420 0897

Enovix Joins Forces with YBS International Berhad to Unveil Its Next-Generation Battery Manufacturing Facility in Penang Science Park

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Kuala Lumpur, 29 August 2022 – Ten Memorandums of Understanding (MOUs) were signed and exchanged between Ajlan & Bros Holding Group and prominent Malaysian companies within the fields of manufacturing, electrical and electronics, aerospace, e-commerce, construction, healthcare, technology, entertainment and cybersecurity today. The formalised partnerships are anticipated to collectively represent potential investments of USD7.5 billion or close to RM34 billion (USD7.5 billion; BNM exchange rate USD1 = MYR 4.47).

Among the MOUs signed include collaborations between the Saudi conglomerate with Dagang NeXchange Berhad (DNeX), Aerodyne Systems Sdn. Bhd., National Aerospace & Defense Industries Sdn. Bhd. (NADI), Twistcode Technologies Sdn. Bhd., CyberSecurity Malaysia, Malaysian Genomics Resource Centre Berhad, Meta Universe Sdn. Bhd., Light Up 7 Sdn. Bhd. and My Events Sdn. Bhd.

YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI) remarked, “Malaysia is looking for new collaborations to grow together and such partnerships with Ajlan & Bros Holding Group reaffirm our aspirations. During the Round Table Networking Session on 24 June 2022 with the group, we explored potential investments for prominent Malaysian companies in various sectors and identified the vast prospects for both parties to exploit for mutual gain. Indeed, Malaysia is keen to explore new opportunities in the Kingdom’s ambitious Vision 2030. While Malaysia has achieved numerous economic milestones, we must step up efforts to leverage on the opportunities to achieve greater economic success and build stronger and meaningful bilateral relations with the Kingdom. Our home-grown companies must be well-positioned to emulate success stories like Ajlan & Bros Holding Group into their corporate transformation programme.”

“The Kingdom of Saudi Arabia has become a successful model for many countries around the world to develop entrepreneurship and economic diversification. Their prominent companies need no introduction, having won international accolades and prestigious awards. This fits well with our National Investment Aspirations (NIA) which encourages a sustained flow of quality investments in new and complex growth areas. Through this initiative, NIA aims to foster quality innovation and sophisticated projects in Malaysia,” added the Senior Minister.

Datuk Wira Arham Abdul Rahman, MIDA CEO said, “We are proud that Ajlan & Bros Holding Group will be partnering our local companies to access the wider market in the ASEAN region. MIDA has been working closely with Ajlan & Bros Holding Group and we are optimistic that this collaboration will be a stepping stone to provide more rewarding connections for both our business communities.”

He added, “Our players will also be leveraging this partnership to enlarge their footprint globally in the Kingdom. MIDA continues to empower and motivate the private sector through active communication channels and facilitating investor connections, creating a lucrative investment environment that characterizes the abundance of qualitative enablers and competitive advantages.”

Ajlan & Bros Holding Group is among the Forbes List of Top 100 Arab Family Businesses in the Middle East for 2021. The Group has been actively expanding its presence globally through partnerships and collaborations across a variety of industry sectors. The Chairman of the Group, Mr. Ajlan Bin Abdulaziz Al Ajlan is also the Chairperson of the Council of Saudi Chambers of Commerce and Industry (CSC) where he represents the Riyadh Chamber of Commerce and Industry.

“The move aims to strengthen existing economic relations between two countries by developing effective programmes and mechanisms for collaboration in efforts for all future projects of mutual interests and thereafter. Partners will co-operate and work together in the fields of trade, investment, knowledge exchange, and facilitate joint economic efforts during the next stage, thereby promoting sustainable economic development in both countries.” said Sheikh Mohammed Abdulaziz Al Ajlan, Vice Chairman Ajlan & Bros. Holding Group.

As of March 2022, Malaysia has recorded a total of 18 approved manufacturing projects with Saudi participation, amounting to RM5.13 billion (USD1.65 billion) of investments. These projects are anticipated to create 2,560 jobs across industries such as chemical and chemical products, food manufacturing, electronics and electrical products, textiles and textile products, plastic products, non-metallic mineral products, machinery and equipment as well as scientific and measuring equipment.

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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 20 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 channel.

ABOUT AJLAN & BROS HOLDING GROUP

Ajlan & Bros Holding Group is part of Ajlan & Bros Group of Companies, which is a multinational investment conglomerate and headquartered in Saudi Arabia with extensive global private equity, real estate and industrial investments.

For further information, please contact:

Mr. Faizal Jalaludin
Director, Foreign Investment Division, MIDA
Tel: 03-2267 6650 | Email: [email protected]

Dr. Abdul Khaliq Rasheed
Consultant, Malaysia/ASEAN, Ajlan & Bros Group
Tel: +966114665555 | M: +60189875941

Strategic MOUs Inked Between Ajlan & Bros Holding Group and Notable Malaysian Companies

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August 29, 2022, Malaysia – A.P. Moller-Maersk (Maersk) has signed a Memorandum of Understanding (MOU) with the Malaysian Investment Development Authority (MIDA), to drive high-quality investments into Malaysia as one of the logistics hubs in ASEAN, creating better synergies and value-added services for customers, and contributing to the growth and development of the supply chain sector in the Malaysian economy.

The MOU has been signed by Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer (DCEO), Investment Promotion and Facilitation of MIDA and Rupesh Jain, Managing Director of Maersk – Thailand, Malaysia and Singapore today at MIDA Headquarters in Kuala Lumpur.

“Logistics is a cornerstone of Malaysia’s economy. By connecting suppliers to manufacturers, and consumers to businesses, we support the growth of various industries. I applaud Maersk for their continuous efforts in taking the lead on initiatives to uplift the logistics industry. The MOU with Maersk will bring in more targeted global investments into Malaysia through strategic and value-added engagement approach to multinational companies. By leveraging Maersk’s capabilities in integrated logistics, we can transform Malaysia into a regional logistics hub in ASEAN, further boosting infrastructure development and free trade,” says Sivasuriyamoorthy Sundara Raja, DCEO, Investment Promotion and Facilitation of MIDA.

Both parties will work together to attract high-tech and high impact investments in sectors including automotive, electrical and electronics (E&E), machinery and equipment, medical devices, aerospace, renewable energy, and consumer technology. Meanwhile, the two sides will build a mutually beneficial eco-system in focus markets to maximize FDI opportunities into Malaysia.

“As our customers are reconfiguring their supply chains to make them more agile, resilient & sustainable, Maersk is constantly growing our logistics footprints globally to support this transformation for our customers. With the ambition to provide truly integrated logistics to our customers, this collaboration with MIDA allows us to leverage our strengths and combine with Malaysia’s geographical advantage to mount solutions in the region,” says Rupesh Jain, Managing Director of Maersk – Thailand, Malaysia and Singapore.

“One of Maersk’s key focuses has been creating value to our customers in the geographies that we operate in. This MOU is a strong testament, and we expect that through our cooperation with MIDA, we can help position Malaysia as an attractive investment destination for potential investors. The country’s geostrategic position has made it a natural hub. By further enhancing Maersk’s logistics strength, we will contribute towards the growth and development of Malaysian supply chain sector,” adds Goh Hean Chun, Managing Director, Maersk Malaysia.

Maersk Malaysia commenced its operations in 1975. Today, Maersk employs more than 300 staff with representations in 12 locations throughout Malaysia and warehouse facilities in seven locations with a capacity of up to 68,000 sq metre. More locations and capacity are expected to be added in the near future.

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About MIDA

About Maersk

A.P. Moller – Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, the company operates in 130 countries and employs approximately 100,000 people. Website: www.maersk.com

For more information, please contact:

MIDA:
Ms. Habibah Binti Enok
Director, Oil and Gas, Maritime and Logistics Division, MIDA
E: [email protected]
T: +603-2267 3539

Maersk:
Bonnie Huang

Media Relations Manager, Maersk Asia Pacific[email protected]

MIDA And Maersk Enter Into Strategic Partnership To Promote Investments In Malaysia

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Kuala Lumpur, August 25, 2022 — The Malaysian Investment Development Authority or MIDA hosted its Invest Series: Unfolding States ‘Business Potential’ on 25 August 2022 at Perdana Hall, MIDA Sentral, Kuala Lumpur, in collaboration with the Terengganu State Government through its investment promotional arm, Invest Terengganu. The event, which was previously held annually but had to be halted for the past two years due to the COVID- 19 pandemic, returns this year as an effort by the respective government agencies to highlight investment opportunities in Terengganu, drawing inspiration from Terengganu’s Chief Minister YAB Dato’ Seri Dr. Ahmad Samsuri Mokhtar’s slogan, “Your investment destiny starts here, Terengganu. We will transform your investment into reality”.

Datuk Arham Abdul Rahman, Chief Executive Officer of MIDA remarked “We are pleased to continue the momentum by presenting the first state, under the second round of the Invest Series programme, by highlighting the competitive advantage of investing in the Terengganu state. I applaud the state for its intensified efforts to focus on pursuing more high quality, capital-intensive projects and those that support the sustainable development agenda. This trajectory is aligned to the Shared Prosperity Vision (SPV) 2030 and the Twelfth Malaysia Plan (RMK12). The targeted investments by the state is also aligned well with Malaysia’s National Investment Aspirations (NIA) and Environmental, Social and Governance (ESG) principles.”

“Terengganu has been one of the preferred and selected states for investment by the business community. From 2017 to June 2022, there were 29 manufacturing projects approved and implemented in Terengganu with a total investment of RM2.3 billion. More than half of these investments were from foreign sources, recording a total of RM1.27 billion. These projects have been instrumental in creating over 1,727 job opportunities, mainly in the fields of petroleum products (including petrochemicals), chemicals and chemical products, non-metallic mineral products, wood and wood products, as well as machinery and equipment.” Datuk Arham added.

“The Kerteh Bioplymer Park, an East Coast Economic Region (ECER) hub for bio-economy and specialty chemicals that spans over 140-hectares is growing fast with both Phase 1 and Phase 2 fully taken up. The third phase of the park opened last year to accommodate growing demand from investors. To date, the total accumulated investment in Kerteh Biopolymer Park has increased to RM5.6 billion, with more than 5,000 employment created for the people of Terengganu” said Dato’ Haji Tengku Hassan Tengku Omar, Chairman of Terengganu State Committee for Trade, Industry, Regional Development and Administration Wellbeing.

“Terengganu has committed itself to increase economic growth by adding more industrial parks which are Kerteh Terengganu Industrial Park, Pulau Kerengga Industrial Park and Terengganu Silica Valley. This is another step towards making sure that there are good prospects not only now but into the future in Terengganu” Dato’ Haji Tengku Hassan added.

The potential for profit in the state is vast. With rich natural resources and incentives provided by both local agencies as well as federal ones, it would be hard not to see what’s on offer when looking at investing here. The state currently has 25 industrial areas covering 4,158.26 hectares of land, located in one of the most vital maritime routes, offers competitive cost of doing business and excellent infrastructure. In addition, access to the East Coast Railway Link (ECRL) with a total length of 688 km and a route connecting Port Klang, Selangor, Pahang, Terengganu, and ending in Tumpat, Kelantan that will be completed by the year 2026 will also serve as a catalyst for significant economic spill over benefits for Terengganu. With 12 flights to and from Kuala Lumpur, the deepest water depth port in Kemaman and 358 km of dual-carriage ways running from Kuala Terengganu to Gombak of the east coast highway makes them a vital and strategic link, promoting future growth of the state’s economy.

The State Government has identified a group of clusters that it will be focusing on in order to create sustainable and innovative industries. These include tourism, manufacturing, oil and gas, biotechnology, communications, content, infrastructure and emerging technologies.

The tourism cluster presents a huge opportunity for investment in the industry. This cluster include Urban, Eco and Island Tourisms as well 202 new or existing products which provide potential to grow exponentially with time. Meanwhile, the manufacturing sector has its sights set in two different areas: maritime or marine-based industries which cover shipbuilding/maintenance repair and overhaul as well wood-based manufacturing needs for future development opportunities. With the focus towards onshore and offshore activities, the oil and gas industry spans a wide array of opportunities from extraction to distribution.

The biotechnology industry on the other hand focuses on producing products from renewable waste, agriculture and aquaculture projects while at the same time strengthening supply chains in bio-technology through Bio Medical goods for pharmaceuticals or wellness purposes. Terengganu States’ goal is not just to become a hub for trade, but also educational and entertainment centres with opportunities ranging from the family-oriented fun to edutainment content creation. Terengganu State is also taking advantage of Industry 4.0 to help grow and advance its economy while also making it more competitive in the international markets.

Participants can expect a comprehensive introduction to the Terengganu State’s business and investment opportunities and details on assistance and facilitation to companies and potential investors. This event is important to highlight and attract potential high-value and high-tech investment projects to the state of Terengganu from both domestic and foreign investors, thus creating quality employment for the local people.

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About MIDA

About Invest Terengganu

The Invest Terengganu Unit is a division in Unit Perancang Ekonomi Negeri Terengganu that aims to resolve socio-economic issues and increase household income through new business opportunities, develop entrepreneurs, and promote economic activities across urban areas of the state. Its vision and mission is to be a major player in the country’s investment hub, working towards creating an attractive environment for investors and explore new opportunities along these lines.

For more information, please contact:

MIDA
Mr. Sukri Abu Bakar
Director, Domestic Investment Division, MIDA
Email: [email protected] | DL: + 603- 2267 3685

Invest Terengganu
Mr. Mohd Adzhar Bin Mohd Zahari
General Manager
T: +6012-693 2961

Unit Perancang Ekonomi Negeri Terengganu
Mr. Hanif Bin Sulaiman
Assistant Secretary of State, Trade, Industry,
Regional Development and Administration Wellbeing
T: +6014-8096299

MIDA Collaborates With Invest Terengganu To Highlight The State’s Investment Opportunities

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Kulai, 25 August YTL Power International Berhad (‘YTL Power”), through its subsidiary, YTL Data Center Holdings Pte. Ltd. YTL DC and Sea Ltd. marked a milestone today with a ground breaking ceremony for the development of the Sea Data Center, the first phase of the 500MW YTL Green Data Center Park and a RM1.5bil investment into Johor, Malaysia. The first phase will be a Tier III certified facility equipped with best in class green power and connectivity which will be able to accommodate up to 72MW of capacity.

With YTL DC’s expertise and experience in building and managing data centers fibre infrastructure and renewable energy, the YTL Green Data Center Park will be the largest of its kind regionally, spearheading Johor’s position as a world-class data hub.

Menteri Besar of Johor, YAB Dato’ Onn Hafiz Ghazi, who officiated the event commented on how the Green Data Center Park will impact the state, “As Johor has grown exponentially over the past few years, we welcome developments such as these, particularly green and sustainable projects that will boost the state’s economy. The digital economy has thrived since the pandemic, and this project will provide employment opportunities that will attract diverse multiskilled talents to the state, making Johor attractive to foreign direct investments. Importantly, we are proud that Johor is gaining momentum in the regional data center market where YTL DC plays an important role in the value chain.”

Also present to witness the event was Ms. Lim Bee Vian, Deputy Chief Executive Officer (Investment Development) of the Malaysian Investment Development Authority ( She said, “Companies today are strongly encouraged to embrace digitalisation because such advances enable businesses to innovate and thrive in an increasingly digital world. The establishment of such data centers here will push industry aspirations further. Today’s event is a testament to Malaysia’s capability to host such projects due to our advancements in digital infrastructure and YTL DC and S ea Limited’s capabilities to drive such projects in this region.

“With the combined efforts from the Government through MyDIGITAL blueprint and the establishment of Digital Investment Office (DIO) it will allow Malaysia to realise our vision of being the digital capital of Asia, a vibrant and leading edge location for companies to meet their data management and analysis needs in a sustainable manner. As Malaysia embarks on its journey to become a smart nation, I believe that YTL DC will play a key role in building our digital infrastructure.” added Ms. Lim.

With Sea being the anchor tenant for YTL’s Data Center Green Park, the new three storey green facility will help reduce its carbon footprint and meet sustainability goals. Targeted to be completed by the first quarter of 2024, the green building will feature 24 data hall suites, M&E rooms, office space, storage, and parking facilities.

“This essentially means that YTL will be able to meet the infrastructure, power, and connectivity needs of our operations in the region, with Johor’s state government and MIDA as our key expansion partners. We are committed to investing in the growth of the digital economy in Malaysia, and in Johor in particular, and contributing to Malaysia’s Digital Economy Agenda.” said Ye Gang, Sea’s Co founder Group Chief Operating Officer.

Dato Yeoh Seok Hong, Managing Director of YTL Power added, “This marks a new phase of our partnership with Sea Ltd. We are excited to provide world-class, green infrastructure to our partners using our Group’s deep expertise in solar energy, data centers, telecommunications, construction and property development. With the overwhelming interest that we have received, it is our vision that the YTL Green Data Center Park will be the largest and most successful of its kind in Asia.”

The YTL Green Data Center Park is expected to be a catalyst of the digital infrastructure in Johor. Not only will it transform Johor’s economy by tapping into new high growth areas but it is also expected to spur the local economy by creating a conducive, productive and competitive business environment which will further improve the social well-being and quality of life for Malaysians.

Also present at the ceremony were representatives from various state and federal organizations, including the Iskandar Regional Development Authority (IRDA), Tenaga Nasional Berhad (TNB) as well as other distinguished guests.

Earlier this April, YTL DC had announced the development of the 275 acre data center campus in Kulai, the largest data center park in Malaysia.

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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 ( to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kua la Lumpur Sentral, MIDA has 12 regional and 20 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 channel.

About Sea Limited
Sea Limited (NYSE: SE) is a leading global consumer internet company founded in Singapore in 2009. Our mission is to better the lives of consumers and small businesses with technology. We operate three core businesses across digital entertainment, e-commerce, as well as digital payments and financial services, known as Garena, Shopee, and SeaMoney, respectively. Garena is a leading global online games developer and publisher. Shopee is the largest pan-regional e-commerce platform in Southeast Asia and Taiwan. SeaMoney is a leading digital payments and financial services provider in Southeast Asia.

About YTL Power International Berhad
YTL Power International Berhad (YTL Power) is an international multi-utility infrastructure group with a strong track record in developing greenfield projects and acquiring operational assets through competitive auctions. YTL Power is listed on the Main Market of Bursa Malaysia a Securities Berhad, the Malaysian stock exchange, and is active across key segments of the international utility industry. YTL Power, Malaysia’s first independent power producer, owns Wessex Water Limited, a water and sewerage provider in the United Kingdom, and YTL Power Seraya Pte Limited, owner of the electricity retailer Geneco, which has a total licensed capacity of 3,100 MW in Singapore. YTL Power has a minority stake in PT Jawa Power, the owner of a 1,220 MW coal-fired power plant in Indonesia. YTL Power is involved in communications and internet-based solutions and services through YTL Communications Sdn Bhd – the operator of the “Yes” telecommunications platform, the first telco to launch 5G services in Malaysia. YTL Power is also currently developing Brabazon, Bristol, a mixed-use residential and commercial property project in the UK.

About YTL Data Center Holdings Pte. Ltd.
YTL Data Center Holdings Pte. Ltd. (YTL DC) is the digital infrastructure subsidiary of YTL Power. Headquartered in Singapore, it enables digital technology leaders to utilise trusted infrastructure that can empower their success. The company offers data center services that enable scaling with agility and speed, delivering comprehensive customer centric solutions. For more details on YTL DC, please visit: http://ytldatacenters.com

For media enquiries, please contact:

MIDA
Ms. Rosedalina Ramlan
Director, Business Services and Regional Operations Division, MIDA
Email: [email protected] | DL: 603-2267 3515

SEA LIMITED
Investors/analysts: [email protected]
Media: [email protected]

YTL DC
Ms. Nina Jamil
Mobile: +60123874322
Email: [email protected]

Ms. Adriana Aris
Mobile: +60183093741
Email: [email protected]

YTL Data Centers and Sea Break Ground with the RM1.5bil First Phase of the 500MW YTL Green Data Center Park in Johor

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Kuala Lumpur, 15 August 2022 – The Malaysian Investment Development Authority (MIDA) and PERODUA are gearing up through a strategic partnership to introduce the MIDA-Perodua Digital Transformation Ecosystem Programme that was held today at MIDA’s headquarters. The programme aimed to upgrade local automotive suppliers to the next level by using cutting-edge technologies and machinery and to digitalise their manufacturing processes through adoption of Industry 4.0.

“Local companies play a major role in building the nation’s industry ecosystem–geared to support large companies and MNCs. The initiation of the MIDA-PERODUA collaboration in 2020 was crucial to ensure a steady development of our local player’s capabilities in the automotive industry. Under MIDA’s initiative to facilitate these companies to adopt digitalisation and Industry 4.0, we have been successful to contributing immense growth in PERODUA’s manufacturing volume, through the empowerment of its industry partners and service providers.” said Datuk Arham Abdul Rahman, Chief Executive Officer of MIDA.

“The Government has undertaken concerted efforts to review existing policies and recalibrate investment strategies to ensure that Malaysian business environment remains conducive to global investors. The Government has also been persistently undertaking efforts to promote and facilitate local companies to scale up and accelerate their adoption of smart manufacturing and Industry 4.0 technology through various incentives and facilities.” added Datuk Arham.

For 2022, MIDA continued its initiatives through domestic investment seminars, engagement with national associations and chambers of commerce, industry linkage/supply chain programmes and domestic investment coordination platform commitments. MIDA will endure to coordinate business-matching sessions between anchor companies and potential local suppliers/providers within specific industries, from networking arrangements for companies and potential funders and technology providers. As of 30 June 2022, 238 Malaysian-owned companies were approved with business grants valued at RM138.5 million. The recipients were SMEs from labour-intensive industries such as plastics, wood, furniture and textiles, while the rest were from services-related industries.

Meanwhile Dato’ Sri Zainal Abidin Ahmad, PERODUA President and Chief Executive Officer said “The MIDA-PERODUA Digital Transformation Ecosystem Programme is aligned with the Government’s efforts to enhance local technology ecosystem development activities in terms of supply and value chains, research and development activities, and innovation and commercialisation.

The programme has shown a promising sign as the first group of participants had implemented their proposed projects. This event is to showcase the first group’s progress as well as to welcome the second group into the project as they too have presented feasible Industry 4.0 ideas to be implemented within their operations.”

He added “the implementation of Industry 4.0 is not only for the automotive supplier’s benefit, but the impact of this programme will contribute greatly to the national’s digital transformation agenda. The programme also can fast track Malaysia’s industries, from small to large, as it provides both funds and guidance. PERODUA’s role has always been to develop the automotive ecosystem and this programme is another example of our commitment towards this objective.”

The first phase of MIDA-PERODUA strategic partnership has brought forth three (3) potential PERODUA friendly partners, including LSF Technology Sdn.Bhd., J.K. Wire Harness Sdn. Bhd. and Autoliv Hirotako Safety Sdn. Bhd. These companies have also been granted Domestic Investment Strategic Fund (DISF) as part of the Government’s initiative to assist the local companies to embark into the global supply chain.

Under this similar programme, MIDA and PERODUA have identified five (5) new vendors that has shown much potential and growth opportunities. These includes Armstrong Auto Parts Sdn. Bhd., Ingress Aoi Technologies Sdn. Bhd., Namicoh Suria Sdn. Bhd., P.D. Kawamura Kako Manufacturing Sdn. Bhd. and Kumpulan Jebco (M) Sdn. Bhd.

MIDA, being the pivotal principal promotional agency of Malaysia, will be extending their support services to help more companies obtain growth in terms of productivity, talent and bridging financial and technology gaps. The agency is confident that through such facilities and empowerment measures, these automotive players will be able to increase their business offerings and expertise to innovate its products and services and climb the supply chain ecosystems.

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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 20 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 channel.

About PERODUA
Established in 1993, Perodua is Malaysia’s Leading compact car maker. The company designs car for local lifestyles and builds them to meet industry-leading quality standards. To learn more about the Perodua driving experience, please visit www.perodua.com.my.

Media contacts:

MIDA
Mr. Sukri Abu Bakar
Director, Domestic Investment Division, MIDA
Email: [email protected] | DL: + 603- 2267 3685

PERODUA
Mr. Ahmad Tamimi Omar
Manager,
Strategic Communications Department
Corporate Relations & Communications Division, Perodua
Email : [email protected] | +6019-262 0658

MIDA and PERODUA Geared Up Through Strategic Partnership in Enhancing Local Auto Suppliers to Embrace Digitalisation

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