Kuala Lumpur, 30 January 2026 – Pursuant to the announcement made by the Ministry of Investment, Trade and Industry (MITI) on 29 January 2026, the Malaysian Investment Development Authority (MIDA) stands ready to operationalise the New Incentive Framework (NIF) from 1 March 2026, marking a shift towards an outcome-based, value-driven investment approach in Malaysia.

The framework will be applied to the manufacturing sector first, followed by the services sector in the second quarter of 2026. The NIF essentially ties tax incentives directly to measurable economic outcomes. Companies will be assessed using the National Investment Aspirations (NIA) Scorecard*, which quantifies contributions to job quality, technology transfer, supply chain resilience and sustainability.

Tengku Datuk Seri Zafrul Tengku Abdul Aziz, MIDA Chairman, said the framework is premised on the fundamental principle of returns on (incentive) investment by the Government. “The NIF is designed to ensure that every ringgit of foregone revenue delivers meaningful, multiplied returns to the nation’s economy. Our priority is not merely to attract investments, but to secure greater value, deeper industrial linkages, and better benefits for the Malaysian economy, SMEs and our people.”

In terms of implementation, incentive applications for manufacturing sector under the Promotion of Investments Act 1986 will still be accepted by MIDA no later than 3.00pm on 28 February 2026. All new manufacturing sector incentive applications submitted from 1 March 2026 onwards will be assessed under the NIF. Manufacturing companies with existing approvals will not be affected, and their incentives will continue under the approved terms and conditions.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, MIDA Chief Executive Officer, said, “MIDA fully supports the implementation of the NIF as it represents a major step forward in ensuring that Malaysia attracts the right type of investments—those that are high-value, innovation-driven and sustainable. By linking incentives to clear performance outcomes, the NIF strengthens investor confidence while delivering spillover benefits to the domestic economy, especially for local SMEs and Malaysian talents.”

The framework offers two mutually exclusive incentive options: a special tax rate or an investment tax allowance. Companies may choose the option that best suits their project profile and business model. 

MIDA will actively guide investors through the transition from the previous incentive regime to the NIF. The application process will be integrated into MIDA’s digital platforms, providing end-to-end processing for investors. Implementation guidelines, frequently asked questions (FAQs), covering eligibility criteria, scorecard assessment parameters and evaluation processes, are now available on MIDA’s official website and MITI’s NIF microsite.

Datuk Sikh Shamsul Ibrahim added, “We look forward to working closely with investors throughout this transition. MIDA remains committed to facilitating and supporting both new and existing investors, to ensure the projects approved under the NIF deliver strong national outcomes in line with the NIA.”

MIDA will also intensify engagement and outreach sessions to ensure awareness and readiness among domestic and foreign investors, particularly within the manufacturing and services sectors. This rollout will be supported through close collaboration with MITI and the Ministry of Finance.

The NIF represents Malaysia’s most significant shift in investment policy in decades. For further information and application guidance, investors may refer to the NIF Implementation Guidelines on MIDA’s official website at www.mida.gov.my.

— END —

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 20 overseas offices. MIDA partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit www.mida.gov.my and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.

For media enquiries:

MIDA
Ms. Yusni Md. Yusop
Director, Strategic Planning & Policy Advocacy (Manufacturing) Division
Email: [email protected]
Tel.: +603- 2267 3681

*Note:

The NIF will be assessed in alignment with six (6) pillars of the National Investment Aspirations (NIA), namely:

• Increasing economic complexity
• Creating high-value job opportunities
• Strengthening domestic linkages
• Developing new and existing clusters
• Improving inclusivity 
• Enhancing sustainability practices

APPENDIX: INDUSTRY RESPONSE

Federation of Malaysian Manufacturers (FMM) 

Mr. Jacob Lee, President:

“The introduction of the NIF is timely as manufacturers are navigating technological transformation, supply chain reconfiguration and sustainability requirements. The outcome-based model provides greater clarity and encourages companies to upgrade, move up the value chain and invest in higher-productivity activities. FMM looks forward to continued engagement with the Government to ensure smooth implementation and practical facilitation for our members.”

Malaysian International Chamber of Commerce and Industry (MICCI) 

Ms. Christina Tee, National President:

“As the voice of the international business community in Malaysia, MICCI welcomes the NIF as announced in the National Budget 2026. The new framework is a bold step toward global competitiveness. Our members, who represent a significant portion of Malaysia’s Foreign Investment (FI), value the framework’s transparency and its shift toward capability-driven growth, and we believe this performance-linked approach will provide the long-term predictability that global investors require to commit to Malaysia’s structural transformation.”

SME Association of Malaysia 

Dr. Chin Chee Seong, National President:

“The SME Association of Malaysia views the NIF as a vital mechanism for integrating our MSMEs into the global value chain. The focus on ‘Domestic Linkages’ within the NIA Scorecard is particularly encouraging, as it incentivises large foreign and local investors to deepen their collaborations with local vendors. This is a golden opportunity for Malaysian SMEs to level up their technology and ESG standards. We are committed to working with MIDA to ensure our members are ‘NIF-ready’ and can effectively support the high-impact projects that this framework aims to attract.”

MIDA Stands Ready to Implement New Outcome-Based Incentive Framework From 1 March

Strategic Partnership Aims to Foster Business Growth, Innovation, and High-Value Job Creation while Strengthening Malaysia’s Digital Economy

Kuala Lumpur, 29 January 2026 – The Malaysian Investment Development Authority (MIDA), in collaboration with BEYOND4, successfully hosted the Strategic Engagement Session 2026 on Malaysia’s Start-Up Ecosystem today at MIDA, Kuala Lumpur. The session brought together key stakeholders, industry leaders, and relevant Malaysian start-up ecosystem partners to explore strategies for positioning Malaysia as a leading regional hub for high-growth start-ups and innovation. 

The half-day programme aimed to foster collaboration, explore investment opportunities, and identify strategic interventions that can accelerate the development of a world-class start-up ecosystem in the country.

The session started with an Opening Address by Datuk Sikh Shamsul Ibrahim bin Sikh Abdul Majid, Chief Executive Officer of MIDA, who highlighted the nation’s commitment to strengthening its innovation landscape and supporting high-potential technology companies. He emphasised that while MIDA has traditionally focused on investment promotion, the agency is now expanding its role as an ecosystem connector, linking start-ups, corporates, investors, research institutions, and Government agencies. 

“Start-ups are key drivers of innovation, industrial growth, and economic transformation,” said Datuk Sikh Shamsul Ibrahim. “Through initiatives such as this Strategic Engagement Session, MIDA aims to enhance start-up visibility, facilitate industry linkages, and provide structured support to help these ventures scale and access both domestic and regional markets.”

Mr. S.T. Rubaneswaran, Chief Executive Officer of BEYOND4, who also spoke at the event, highlighted the importance of integrated talent development, innovation frameworks, and partnerships in catalysing start-up growth across Malaysia.

Knowledge Sharing and High-Impact Discussions

The session also featured a Start-Up Sharing Session, where founders shared real-world experiences, highlighted the challenges and opportunities faced by early-stage ventures.

A panel discussion on Strategies to Create a World-Class Start-Up Ecosystem in Malaysia brought together leaders from:

• Cradle Fund Sdn. Bhd.;
• Iskandar Investment Berhad (IIB);
• Universiti Kebangsaan Malaysia (UKM); and
• Qarbotech Sdn. Bhd.

The discussions focused on enhancing Malaysia’s attractiveness to global innovators, strengthening ecosystem connectivity, nurturing investable start-ups, and creating sustainable pathways for commercialisation and regional expansion.

Participants also explored cross-agency collaborations to support talent pipelines, technology adoption, and scaling opportunities across key sectors, reflecting MIDA’s commitment to facilitate start-up growth, foster partnerships, and integrate innovative solutions into Malaysia’s broader industrial and investment ecosystem.

In conjunction with the event, Yayasan Pahang launched the Pahang Startup Blueprint 2030, a strategic framework to strengthen the state’s start-up ecosystem, developed with contributions from MIDA and Beyond4. The initiative reflects MIDA’s collaboration with the state government and the shared commitment of key stakeholders to support innovation and sustainable ecosystem development.

The Strategic Engagement Session 2026 underscores MIDA’s role not just as the government’s principal investment promotion agency, but a proactive enabler of innovation and entrepreneurship, ensuring that Malaysia remains a competitive and attractive destination for start-ups, investors, and industry partners alike.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, MIDA CEO

MIDA-BEYOND4 Strategic Engagement Session

-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 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 X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About BEYOND4

 Beyond4 (B4) is dedicated to fostering and expanding ecosystems across Southeast Asia, with a focus on talent development, enterprise innovation, and startup growth. As a recognized leader in Malaysia, we have extended our presence to Singapore and established strategic partnerships in India, the United Kingdom, France, Thailand, Hong Kong, Taiwan, and the Philippines.

 Our unique accelerator models are tailored to help governments and enterprises address pressing challenges through innovative solutions. These models are developed within the robust partner network of the Beyond4 ecosystem and are delivered by a specialized team of experts to ensure impactful results.

 We are at the forefront of establishing Malaysia and Southeast Asia as global hubs for innovation, growth, and entrepreneurship.

For media enquiries, please contact:

MIDA
Mr. Awangku Fiarulnazri Awang Tajudin
Head of Corporate Strategy and Revenue Management Section
Phone: +603-2267 6682
Email: [email protected]

BEYOND4
Ms. Syarifah Syaidatul Izzati
Phone: +60179339787
Email: [email protected]

MIDA and Beyond4 Convene 2026 Strategic Engagement to Strengthen Malaysia’s Start-Up Ecosystem

TAIPEI CITY, Taiwan / PENANG, Malaysia, 27 January 2026 – congatec, one of the global leaders in embedded and edge computing technology, announced the establishment of its new subsidiary in Penang, Malaysia, marking a strategic expansion of its engineering and research footprint in Asia. The move signals congatec’s commitment to anchoring high-value embedded computing design, customisation and technical support capabilities in Malaysia as part of its global “local for local” strategy. 

As part of the expansion, congatec has onboarded an experienced embedded engineering team from Kontron Asia, comprising 23 specialised engineers, with plans to scale the Penang operation to approximately 70 employees over the medium term. The new subsidiary strengthens congatec’s regional research and development (R&D) and technical support capabilities, enabling faster development cycles, application-ready (aReady.) solutions and closer collaboration with customers across the Asia-Pacific market.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), said, “congatec’s expansion to establish its R&D subsidiary in Penang exemplifies Malaysia’s shift towards high-value, innovation-driven activities within our electrical and electronics ecosystem. This investment underscores the growing recognition of Malaysia as a strategic location for advanced embedded computing capabilities. By anchoring sophisticated engineering and technical support functions here, we strengthen domestic R&D capacity, accelerate technology adoption, and create meaningful career pathways for Malaysian engineering talent. Aligned with the New Industrial Master Plan 2030, congatec’s expansion contributes to Malaysia’s position as a competitive hub for next-generation embedded and edge computing innovation in the region.” 

Dato’ Loo Lee Lian, Chief Executive Officer of InvestPenang (representing the Right Honourable Mr. Chow Kon Yeow, Chief Minister of Penang), stated, “Penang’s 50 years of industrialisation has shaped a deep and highly skilled talent base spanning engineering, design, manufacturing, and advanced technologies. This long-standing industrial maturity enables investors like congatec to scale R&D, technical support, and regional operations efficiently, supported by talent that is both globally competitive and industry-ready.” She further added, “We are confident that congatec’s presence will generate meaningful technological spillovers for Penang. The integration of “Designed in Germany” quality standards with Penang’s robust industrial ecosystem—supported by our highly skilled talent—will create strong synergies for innovation and growth.”

Dr. Dominik Ressing, CEO of congatec, stated, “The opening of our Malaysian subsidiary is a natural next step in our ‘local for local’ philosophy. Regional development and support resources enable us to respond faster and more precisely to local requirements. Our goal is to improve customers’ time-to-market, total cost of ownership, and return on investment through local engineering expertise, while reducing barriers to application development across the APAC region.”

Mr. Konrad Garhammer, Chief Operating Officer (COO) and Chief Technology Officer (CTO) of congatec, added, “We are delighted to welcome such an experienced and highly motivated engineering team to the congatec family. With our new location in the ‘Silicon Valley of the East,’ we gain access to an outstanding ecosystem of semiconductor manufacturers and production partners. This enables us to combine our German engineering DNA with the dynamism of the Asian market. The new team brings extensive experience in developing highly integrated embedded computing platforms, enabling us not only to expand our portfolio but also to deliver maintenance and support services within our customers’ time zones. Furthermore, we are gaining vital capabilities across production, production support, and production engineering – expertise we plan to expand further. These are decisive factors in ensuring operational excellence.”

The Penang centre will support the APAC market with standard and customised embedded computing platforms developed in alignment with congatec’s “Designed in Germany” quality standards. In addition to advanced x86-based solutions based on Intel and AMD processors, the team will develop Computer-on-Modules (COMs leveraging technologies from Qualcomm, Texas Instrument, and NXP), alongside expanded aReady. software and solution stacks. These validated platforms are designed to shorten design-in cycles, reduce non-recurring engineering costs and accelerate customers’ time-to-market.

-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 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 X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

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), 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 congatec

congatec is the leading global provider of high-performance hardware and software building blocks for embedded and edge computing solutions based on Computer-on-Modules (COMs). These advanced computer modules drive systems and devices across industries such as industrial automation, medical technology, robotics, telecommunications, and more. congatec’s high-performance aReady. ecosystems simplify and accelerate the solution development, from COM to cloud. This application-ready approach combines COMs with services and customizable technologies that enable cutting-edge advancements in system consolidation, IoT, security, and artificial intelligence. Supported by its majority shareholder, DBAG Fund VIII – a German mid-market fund focused on driving growth for industrial enterprises – congatec has the financial backing and M&A expertise to capitalize on expanding market opportunities. For more information, visit congatec.com, aReady.com, or follow us on LinkedIn and YouTube. 

For media enquiries, please contact:

MIDA
Mohd Mazlan Mokhtar (Mr.)
Director of Electrical & Electronics Division
T: 03- 2267 6655
E:[email protected]

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

congatec
Crysta Lee
Phone: +886 2 25978577
[email protected]

Press contact congatec:
Christof Wilde
Phone: +49-991-2700-2822
[email protected]

congatec Expands Penang R&D Presence, Anchoring High-Value Embedded Computing Capabilities in Malaysia

Johor, Malaysia, 20 January 2026 – Rianlon, a global leader in polymer additives, officially broke ground yesterday on its R&D and Manufacturing Base in Johor, marking a significant step forward in the company’s first major integrated facility outside China.

The groundbreaking ceremony, held on the 9^th anniversary of Rianlon’s public listing, was attended by Yang Amat Berhormat (YAB) Dato’ Onn Hafiz bin Ghazi, Menteri Besar of Johor, Mr. Li Haiping, Chairman and President of Rianlon, Mr. Aldo Govi, Chief Executive Officer (CEO) of Infineum International Limited, and representatives from various parties attended the celebration. 

The ceremony represents the realisation of Rianlon’s commitment, first announced during Prime Minister Datuk Seri Anwar Ibrahim’s working visit to China in September 2025. The RM1.27 billion investment will establish R&D and manufacturing base focusing on research, development, and production of anti-aging materials, lubricant materials, and bio-based materials. The facility will provide high-performance, solutions for global polymer and lubricant customers with the R&D and Phase I plant facilities slated to be completed by the first quarter of 2027.

At the ceremony, YAB Dato’ Onn Hafiz, Menteri Besar of Johor, stated that based on Johor’s clear regional advantages and superior business environment, it has attracted the attention of numerous international companies in recent years, with renowned global enterprises such as Nvidia, ByteDance, and BASF settling in Johor. The project brought by Rianlon is an innovation engine integrating R&D and manufacturing, which is expected to ignite the fire of innovation in the fields of fine chemicals and green chemistry in Johor, driving the collaborative upgrade of the entire industry chain. The Johor State Government will continue to optimise the business environment, ensure clear and transparent policies, and provide efficient administrative services to fully support the rapid delivery and efficient operation of the project.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of the Malaysian Investment Development Authority (MIDA), congratulated Rianlon Malaysia on this significant milestone in its global expansion journey. “Aligned with the New Industrial Master Plan 2030, this project is set to enhance innovation in advanced materials and green chemistry capabilities, create quality jobs for Malaysians, and contribute meaningfully to sustainable and technology-driven industrial development.”

Strategic Partnership and Regional Impact

Mr. Aldo Govi, CEO of the Infineum International Limited, stated that Rianlon is an important strategic partner of Infineum. Both parties will seize the opportunity of the construction of the Rianlon Malaysia R&D and manufacturing base to strengthen deep cooperation in the lubricant value chain. They remain committed to providing superior lubrication technology, products, and fast services for the lubricant industry. The deep cooperation between the two parties will build a new paradigm, playing an active role in enhancing supply chain security and efficiency in the lubricant additive sector in China and the Asia-Pacific region.

Mr Li Haiping, Board Chairman of Rianlon Corporation, outlined the company’s development strategy and the significance of the Malaysia facility. “Malaysia is Rianlon’s first overseas R&D centre and production base, representing an important milestone in our globalisation strategy. We believe the completion and operation of this project will enhance the flexibility and security of Rianlon’s global supply chain and improve our service efficiency and innovation capabilities for global customers.”

The ceremony concluded with the distinguished guests performing the traditional soil-turning ceremony, symbolising the official start of construction.

-END-

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 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 X, Instagram, Facebook, LinkedIn, TikTok and YouTube channels.

About Rianlon Corporation

Founded in 2003 and listed on the Shenzhen Stock Exchange (ChiNext: 300596), Rianlon Corporation is a global supplier of polymer anti-aging additives, including antioxidants and light stabilizers, serving plastics, rubber, coatings, fibers and adhesives. The company has expanded into lubricant additives and advanced high-performance materials, supported by multiple R&D and manufacturing bases in China and an international sales network. Driven by the mission of “Creating a Better Life through Chemistry and Biology,” Rianlon is committed to stable quality, reliable supply and fast customer response worldwide.

For media enquiries please contact:

MIDA
Ms. Siti Halimaton Mohd. Rejab
Director, Chemical and Advanced Material Division
No. Tel: +603-2267 6701
Email : [email protected]

Rianlon Malaysia Sdn. Bhd.
Mr. Wicky Law
Public Affairs Manager
Email: [email protected]

Rianlon Malaysia Breaks Ground on RM1.27 Billion R&D and Manufacturing Base in Johor

SEBERANG PRAI, Penang, 19 January 2026 – Syntiant Corp., a global provider of low-power artificial intelligence (AI) solutions officially opened its new manufacturing and research and development (R&D) campus in Penang today. The expansion marks a major milestone in Syntiant’s growth in Asia and reinforcing Malaysia’s rising role as a strategic hub for the next-generation semiconductor and AI manufacturing.

The new campus more than doubles Syntiant’s footprint in Penang to approximately 220,000 square feet, increasing annual production capacity to around 1.6 billion units. The facility brings together production, engineering and AI research in one location, supports a workforce of up to 800 employees, and features advanced micro-electro-mechanical systems (MEMS) processing, IC preparation, and test and assembly capabilities.

The ceremony was officiated by Yang Berhormat Tuan Jagdeep Singh Deo, Penang’s Deputy Chief Minister II, together with Syntiant’s Chief Executive Officer (CEO) and Co-founder Kurt Busch.

Yang Berhormat Tuan Jagdeep Singh Deo, Deputy Chief Minister II of Penang, stated, “Backed by over five decades of industrialisation, Penang has cultivated its comprehensive ecosystem which continues to command confidence by international investors to establish presence and expand within the State. We are proud to welcome Syntiant’s new campus to Penang which will contribute to Penang’s technological expertise and further strengthening the State’s position as leading hub for advanced electronics and AI innovation, aligned with our reputation as the Silicon Valley of the East.”

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of the Malaysian Investment Development Authority (MIDA), said, “Syntiant’s expansion in Penang is a landmark investment that positions Malaysia at the forefront of next-generation AI and advanced semiconductor innovation. By anchoring high-value activities such as embodied AI and MEMS processing locally, this facility strengthens technological capabilities, drives innovation-led growth and creates quality jobs for Malaysian. It is a clear vote of confidence from global investors in Malaysia’s talent, infrastructure and ecosystem, and reinforces our mission to make the country a preferred hub for advanced electronics and high-tech manufacturing.”

Kurt Busch, CEO and Co-founder of Syntiant Corp., stated, “Our new Penang manufacturing and R&D campus represents a major step forward for Syntiant in Asia where we bring our DNA in producing faster, safer and energy-efficient solutions across consumer, industrial and enterprise markets. By combining world-class manufacturing with cutting-edge AI research, we can accelerate innovation, better serve our customers and contribute to Malaysia’s growing technology ecosystem.”

Ong Lay Pean, General Manager of Syntiant Malaysia, emphasised,“Investing in Penang reflects our confidence in Malaysia’s talent and innovation ecosystem. This new facility positions us to turn cutting-edge research into real-world solutions that benefit consumers and industries globally. With the support of MIDA and InvestPenang, Syntiant selected Penang as the ideal location to expand its manufacturing and R&D capabilities.”

Syntiant’s expansion aligns with Malaysia’s New Industrial Master Plan 2030, supporting high-value job creation and advanced technology development. Following its 2024 acquisition of the Knowles Consumer MEMS Microphone business, the company has strengthened its capabilities in embodied AI and intelligent sensing solutions. The company develops ultra-low-power AI solutions that integrate sensors, neural decision processors and software for IoT, consumer, automotive and industrial applications, with more than 20 billion SiSonic™ MEMS microphones shipped globally to date.

– 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 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 X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

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), 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 Syntiant Corp.

Founded in 2017 and headquartered in Irvine, Calif., Syntiant® is Making Edge AI a Reality™ by delivering highly efficient processor, sensor, and software solutions. With more than 100 million purpose-built Neural Decision ProcessorsÔ and ML models deployed, along with billions of MEMS microphones and sensors, Syntiant’s technology is powering embodied AI applications for speech, audio, sensor and vision processing worldwide. From earbuds to automobiles, the company’s turnkey solutions enable advanced edge AI capabilities across diverse consumer and industrial use cases. More information on the company can be found by visiting www.syntiant.com or by following Syntiant on X @Syntiantcorp or LinkedIn.    

For media enquiries, please contact:

MIDA
Mohd Mazlan Mokhtar
Director, Electrical & Electronics Division
Email: [email protected]
Phone: 603-2267 6655

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

Syntiant Corp.
George Medici/Natalie Mu
PondelWilkinson
[email protected]/[email protected]
310.279.5980

Syntiant Launches New Manufacturing and R&D Campus in Penang, Doubling Production Capacity and Creating 800 High-Tech Jobs

KEDAH, 19 JANUARY 2026 – Novolyte Technology Sdn. Bhd., a wholly owned subsidiary of Shenzhen Capchem Technology Co., Ltd., a global supplier of electronic chemicals and functional materials with over 30 years of industry experience, proudly held its groundbreaking ceremony to begin construction of its new battery electrolyte manufacturing facility at Kulim Hi-Tech Park, Kedah. The project marks a significant milestone in Malaysia’s growing advanced manufacturing ecosystem.

The ceremony was officiated by YB. Prof Dr. Haim Hilman Abdullah (Kedah EXCO for Industry & Investment, Science, Technology & Innovation, and Higher Education), Mr Zhou Youbin (Consul General of the People’s Republic of China in Penang), YBhg. Dato’ Haji Elmi bin Yusoff (Yang Dipertua MPKK), Puan Surayu Susah, Executive Director of Manufacturing Development (Resource), MIDA, Tuan Zuhdi Bin Abdul Zakaria (Head of Kulim District Customs), Encik Mohd Zaid Abdul Jalil (Deputy CEO of Kulim Technology Park Corporation), Mr Zhou Dawen (Vice Chairman of Shenzhen Capchem Technology Co., Ltd.) and attended by distinguished guests including Government officials and Novolyte management and staff.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of Malaysian Investment Development Authority (MIDA), said “MIDA welcomes Novolyte’s investment in Kedah, a development that underscores Malaysia’s competitiveness in the advanced manufacturing sector in the region. This project aligns seamlessly with the NIMP 2030’s mission to attract sophisticated, innovation-led investments. Beyond strengthening our domestic ecosystem, Novolyte’s presence will create spill over effects for local industries and provide our local workforce with invaluable exposure to cutting-edge battery technologies.”

Encik Noor Ikhsan Bin Abdul Aziz, Chief Operating Officer of Invest Kedah Berhad, stated: “Invest Kedah Berhad welcomes Novolyte Technology’s decision to expand its operations in Kedah through the establishment of this new manufacturing facility at Kulim Hi-Tech Park. This investment reflects strong investor confidence in Kedah’s industrial ecosystem and supports the state’s aspiration to strengthen the new energy and high-value manufacturing sectors. We believe this project will create quality employment opportunities, enhance local supply chain capabilities and contribute positively to Kedah’s long-term economic development”.

Mr. Zhou DaWen, Vice Chairman of Shenzhen Capchem Technology Co., Ltd., stated, “Our investment in Kedah reflects confidence in Southeast Asia’s new energy market potential. Novolyte Technology will establish a benchmark for high-end electronic chemicals in the region, addressing the local supply gap for lithium battery electrolytes and meeting global customers’ needs for localised supply chains. We are grateful for the Malaysian government’s supportive policies and believe this project will bolster the local economy and contribute to the global clean energy transition.”

Slated for commissioning in Q3 2026, the plant will have an annual capacity of around 30,000 metric tons to serve domestic and Southeast Asian markets. The facility will cultivate a high-value talent ecosystem and act as a strategic catalyst for the region’s new energy sector.

This expansion builds upon the success of Novolyte’s existing Plant 1 within Kulim Hi-Tech Park – the first among Chinese electrolyte manufacturers to achieve order delivery in Southeast Asia. The achievement marks a substantial step in Capchem’s internationalisation strategy for the region, enabling the provision of more agile, customised electrolyte solutions for customers.

-END-

About MIDA

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 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 X, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About Invest Kedah 

Invest Kedah Berhad (IKB) is the official investment promotion agency for the State of Kedah, responsible for attracting and facilitating strategic domestic and international investments.

IKB aims to ensure that all investments contribute positively to the state’s economic development and the well-being of its people. Through an investor-friendly approach and strong cooperation with federal and local government agencies, IKB is committed to making Kedah a premier investment destination in northern Malaysia.

About Capchem

Shenzhen Capchem Technology Co., Ltd. (“Capchem”), the ultimate holding company of Novolyte Technology Sdn. Bhd., was founded in 1996 and listed on the Shenzhen Stock Exchange (stock code: 300037) in 2010, with its headquarters in Shenzhen, China. Since establishment, Capchem is committed to creating a better future with electronic chemicals and functional materials.

Capchem is committed to becoming a leading global enterprise specialised in electronic chemicals and functional materials, guided by its core value of “Innovation for Application, Progress with Integrity” and the STEP business philosophy (Solid, Thorough, Excellent, Professional).

Its main products include battery chemicals, organic fluorine chemicals, capacitor chemicals and electronic chemicals, which are used in the fields such as new energy vehicles, consumer electronics, urban rail transit, biomedicine, digital infrastructure, photovoltaics and industry manufacturing.

Media Contacts

MIDA

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

Invest Kedah Berhad

Corporate Communication Department
Email: [email protected]
Tel.: +604-702 7373

Shenzhen Capchem Technology Co., Ltd.

Operation Management Department
Email: [email protected]
Tel: +86-(0)755-8992 3768

Novolyte Technology Sdn. Bhd. Holds Groundbreaking Ceremony for Its New Manufacturing Facility in Kedah, Malaysia

Innovation and Sustainability Takes Centre Stage at MIDA and ALP’s Transformational Supply Chain Forum

Kuala Lumpur, 16 January 2025 – Today, over 150 industry leaders gathered at the Malaysian Investment Development Authority (MIDA), for the “Future of Supply Chains: Optimising, Planning, and Automating for Success” forum. Co-organised by MIDA and Ally Logistic Property (ALP), the event provided a platform to explore innovative solutions and opportunities for reshaping Malaysia’s supply chain landscape and driving digital transformation in logistics.

“Malaysia has always been recognised as a reliable and well-connected logistics hub but we are not stopping there – we are pushing boundaries. The country is well positioned to seize the opportunities created by global shifts in supply chains.  However, to fully capitalise on these opportunities, we must ensure that our infrastructure and logistics services are equipped to meet evolving demands. The government is assuming a proactive role to encourage innovation through the introduction of the income tax exemption for Smart Logistics Complex companies in Budget 2025. This initiative promotes the adoption of the Industry 4.0 technologies in warehousing and logistics, driving smarter and more efficient operations,” said Mrs. Zalina Zainol, Deputy Chief Executive Officer (Investment Development) of MIDA.

“At MIDA, our efforts are focused on fostering innovation and sustainability. Initiatives like the Domestic Investment Accelerator Fund (DIAF) are instrumental in helping businesses, particularly SMEs, embrace smarter and greener practices. We are also committed to supporting the digital transformation of Malaysian logistics companies, especially in areas like e-commerce and e-fulfilment. As of September 2024, MIDA has approved 111 Integrated Logistics Services (ILS) projects worth RM12.85 billion and granted International Integrated Logistics Services (IILS) status to 301 companies.  These milestones demonstrate our unwavering commitment to driving growth in the logistics sector,” she added.

ALP Omega 1 Bukit Raja is backed by the Employees Provident Fund (EPF), which holds a 70% stake in the project. This strategic investment underscores Malaysia’s commitment to combining global expertise with local institutional strength to advance the nation’s supply chain capabilities.

“ALP is honoured to collaborate with MIDA, Selangor Freight Forwarders and Logistics Association (SFFLA), and Malaysia Retail Chain Association (MRCA) for this landmark forum. The integration of smart technologies into logistics is not just the way forward—it is a game-changer that will shape the future of our industry. ALP is passionate about driving innovation and sharing our expertise to elevate Malaysia’s logistics sector to a world-class standard,” said Mr. Charlie Chang, CEO of Ally Logistic Property.

The forum featured two high-impact sessions addressing the industry’s most critical challenges and opportunities.

The first session, “Supply Chain Optimisation and Planning,” moderated by ALP, brought together logistics powerhouses SPX Express, Xin Hwa Supply Chain, and Ninja Van. Insights were shared on supply chain diversification and flexibility, emphasising strategies to enhance workflows and drive efficiency, focusing on leveraging digital transformation to accelerate business growth, including optimising transport networks through multi-modal systems within smart warehouses. Highlighting experiences on the implementation of cross-border tracking solutions, advanced inventory management, and restocking strategies, all aimed at improving operational efficiency, minimising costs, and enhancing last-mile delivery performance.

The second session, “Integration and Automation in Supply Chain,” led by Bizsphere, featured compelling thought leaders from 7-Eleven Malaysia, Ally Transport and Quicktron Singapore. Key insights shared included the critical factors to consider when selecting robots and software for logistics operations. The discussion also explored the challenges of implementing automation in frontline logistics and transportation, alongside the rapid development of new technologies and their potential applications in the industry. Additionally, the session examined ROI timelines for automation investments, providing a comprehensive overview of the value and impact of these advancements.

Participants gained invaluable hands-on exposure to cutting-edge technologies and witnessed live demonstrations throughout the forum. The event served as a powerful platform for strategic partnership building during targeted networking sessions, and offered comprehensive insights into government initiatives supporting automation and digitalisation.

-END-

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 ALP 

ALP, Taiwan’s leading provider of smart warehousing solutions, excels in property development, automation integration, and comprehensive logistics services. Since its inception in 2014, ALP has developed six state-of-the-art logistics parks, managing over 814,000 square meters of space, solidifying its position as one of Taiwan’s largest warehousing portfolios. 

Expanding into Southeast Asia, ALP is setting new benchmarks in smart logistics infrastructure with OMEGA 1 Bukit Raja, Malaysia, home to the region’s largest AS/RS warehouse capable of accommodating 100,000 pallet positions. By integrating advanced automation and IT systems through its Infrastructure-as-a-Service (IaaS) approach, ALP steadily remains at the forefront in transforming the industry. For more information, please visit https://www.alp.global/en/malaysia and follow us on Facebook, Linkedin and YouTube channel. 

For more information, please contact:

MIDA
Ms. Habibah Enok
Director, Oil and Gas, Maritime and Logistic Services Division, MIDA
Email: [email protected]
Tel.: +603-2267 3539

ALP
Mr. Shahril Ghazali
Vice President, Business Development
Email : [email protected]
Tel.: +60 10 2028686

Pn. Zalina Zainol,Deputy Chief Executive Officer (Investment Development) of MIDA

Group picture of SFLA, MIDA, ALP and MRCA

Future of Supply Chains: Malaysia’s Strategic Move Toward Logistics Innovation

Kulim, Malaysia, 15 January 2025 – The Malaysian Investment Development Authority (MIDA) and Infineon Technologies (Kulim) Sdn. Bhd. have jointly curated a Local Vendor Development Programme yesterday, a new initiative aimed at enhancing the capabilities of local companies to support the growing semiconductor industry in Malaysia. The programme is designed to provide opportunities and support to local suppliers by developing their capabilities, ultimately contributing to a more sustainable and resilient semiconductor ecosystem in Malaysia.

The programme, launched recently, received overwhelming response, with over 190 registered vendors as participants, comprising 139 companies. The event featured a briefing on Infineon’s procurement requirements and discussions with participating vendors. Esteemed guests included YBhg. Datuk Hanifi Sakri, Deputy Secretary General (Industry), Ministry Investment, Trade and Industry, Mr. Faizal Jalaludin, Executive Director, Investment Promotion, MIDA and Infineon Kulim’s Sr. Vice President and Managing Director, Mr. Ng Kok Tiong.

YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI), lauded the programme’s timeliness and strategic importance, “Congratulations to MIDA and Infineon for putting together a public-private programme aimed at enabling Malaysian companies to harness advanced manufacturing technologies, including AI, and smart connectivity solutions. This is exactly the kind of initiative envisaged by the New Industrial Master Plan (NIMP) 2030 and National Semiconductor Strategy towards strengthening our industrial ecosystem. As we empower local vendors to integrate cutting-edge technologies and drive efficiency within global companies’ supply chains, Malaysia will also be in a better position to benefit from the AI revolution, while attracting further investments into the country. The MIDA-Infineon partnership is also a key proof point of MITI’s dedication in fulfilling the MADANI Government’s promise to implement broad-based reforms for Malaysia’s inclusive and sustainable growth.”

“Developing a resilient and competitive semiconductor ecosystem requires both technological advancement and human capital development,” Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of MIDA further explained. “At MIDA, we’re providing local suppliers with structured platforms to enhance their technological capabilities while ensuring their workforce is equipped with the skills needed for next-generation semiconductor manufacturing.”

He added, “Through our partnership with Infineon, we’re fostering high-value collaborations that drive industrial transformation and competitiveness. But we understand that sustainable growth requires more than just technological advancement. It requires people who can lead and anchor these changes.”

During the event, Mr. Ng Kok Tiong emphasised Infineon Kulim’s commitment to supporting local vendors in understanding the complex requirements of high-technology wafer fab manufacturing. He stated, “By creating a pool of vendors who can provide high-value and reliable services, we can directly support our growth in Malaysia. Sustainable vendor development is crucial in today’s dynamic and challenging business environment.”

In August 2024, Infineon inaugurated the first phase of its highly efficient 200-millimeter silicon carbide (SiC) power fab in Kulim. This investment is significantly strengthening the local semiconductor ecosystem and solidifying Infineon’s role as a reliable partner within the growing semiconductor hub in Malaysia. Infineon has deep roots in Malaysia, going back to the year 1973 when the backend-site in Melaka was launched.

As part of the programme, participating companies received a comprehensive overview of various aspects of wafer fab semiconductor business at Infineon Kulim, including indirect materials and services.

*****

For more information, please contact:

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

Infineon
Andre Tauber (Headquarters)
+49 89 234 23888
[email protected]

Agnes Toan (Americas)
+1 408 250 1814
[email protected]

Lin Zhu (Greater China)
+86 21 6101 9199
[email protected]

Yasuyuki Kamiseki (Japan)
+81 3 4595 7079
[email protected]

Investor Relations:
+49 89 234 26655
[email protected]

YBhg. Datuk Hanafi Sakri – Deputy Secretary General (Industry) of MITI

Mr. Faizal Jalaludin – Executive Director, Investment Promotion of MIDA

Mr. Mohd Mazlan Mokhtar – Director of Electrical and Electronics Division of MIDA

139 Malaysian Companies to Benefit from MIDA And Infineon’s Vendor Development Programme, Creating A More Resilient Semiconductor Ecosystem in Malaysia

Malaysia, Kedah, 24 January 2024 – AT&S Austria Technologie & Systemtechnik (Malaysia) Sdn. Bhd. is pleased to announce the opening of its new Integrated Circuit (IC) Substrates manufacturing facility in Kulim Hi-Technology Park, Kedah. Representing a groundbreaking chapter in AT&S’s history, this facility stands as a large financial commitment and marks its inaugural production plant in Southeast Asia. So far, the global technology leader invested just over EUR 1 billion in their AT&S Campus in the Kulim HighTech Park. This substantial investment is poised to reshape the economic landscape of Malaysia, generating over 6,000 high-skilled job opportunities.

The ceremony was jointly officiated by YB Liew Chin Tong, Deputy Minister of Investment, Trade and Industry (MITI); and YB. Dr. Haim Hilman Bin Abdullah, Exco Industry and Investment, Higher Education, Science, Technology, and Innovation.

YB Liew Chin Tong, the Deputy Minister of MITI highlighted, “The semiconductor industry is of tremendous economic and strategic importance to Malaysia, especially in the current geopolitical environment. Holding 7% of global market share in the industry, Malaysia is the world’s sixth largest semiconductor exporter.

As a strategic industry, the semiconductor industry deserves to be at the forefront of MITI’s policy-making priorities. The New Industrial Master Plan 2030 (NIMP 2030) is a start. Its first mission on advancing economic complexity by moving up the value chain to revitalise our manufacturing sector, is exactly what the semiconductor industry needs. Additionally, by integrating the value chains of semiconductor and other high value-added industries such as automotive and medical, Malaysia will be able to create a more holistic supply chain locally.

To make NIMP 2030’s goals for the semiconductor industry a reality, the Malaysian Government through MITI will take the lead by providing suitable incentives to strengthen the manufacturing and design capabilities of semiconductor companies in order to better linkages between SMEs and MNCs as well facilitating the commercialisation of R&D activities. As such, the recent National Investment Council meeting has decided to establish the National Semiconductor Strategic Task Force to ensure a whole-of-government approach to enhancing the growth of the industry.”

Datuk Wira Arham Abdul Rahman, the Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA), emphasised, “AT&S’s advanced Integrated Circuit (IC) Substrates manufacturing activity will certainly expand our E&E industry solidifying Malaysia’s position as a major production centre for the industry throughout Asia. It will also be a catalyst for existing wafer fabrication plants to expand, securing IC substrate materials and opening up new growth areas that will ultimately generate employment. Managing a complex facility of this nature necessitates a diverse set of skills, especially in high-technology segments. The young Malaysians joining this groundbreaking project are not just entering a job; they are being presented with a unique opportunity to contribute to a rapidly advancing field. I am hopeful that AT&S’s growth here will be nothing but beneficial for our local industry and rakyat.”

Mr. Andreas Gerstenmayer, CEO of AT&S, assured, “This step marks a true milestone for AT&S. With our new state-of-the-art factory for IC substrates, we are able to establish a completely new technology sector in Malaysia, one of the future global microelectronics hotspots. We will not only manufacture high-end IC substrates for high-performance processors at our new facility, but also conduct R&D activities at this location. This creates a win-win situation for both, AT&S as well as the Malaysian society as an investment in R&D is an investment in the future of a country.”

“With the AT&S investment in Malaysia, we are creating thousands of high-tech jobs in the region, till end of this year almost 2500. This will help to set-up the framework for future growth in Malaysia”, says AT&S Board Member and Executive Vice President for BU Microelectronics, Ingolf Schroeder.  “We see it as our natural responsibility as an international company, to truly live our social commitment and our positioning as an inclusive, diverse and responsible employer at any new location.”

The Kulim operations, set to launch in Q42024, will specialise integrated circuit (IC) substrates, facilitating connections between silicon dies and printed circuit boards (PCBs). Characterised by multiple layers connected by dense conductor paths, IC substrates surpass the density of conventional PCBs. This advanced technology is increasingly favoured for high-end applications such as edge computing in cloud services, data centres, server farms, and various health and consumer devices, aligning with the trend of continuous miniaturisation in the industry.

MIDA and AT&S had signed a Memorandum of Understanding (MOU) to collaborate on long-term research and development partnerships and upskilling programmes with Malaysian universities, training and research institutions. This collaborative effort aims to create highly skilled and high-value-added employment opportunities, aligning with the shared vision of elevating Malaysia’s workforce capabilities. Focused on nurturing talent competence, especially in high end printed circuit boards (PCB) and IC substrates, the MOU signifies a strategic alliance between the two organisations.

The electrical and electronics (E&E) industry assumes a pivotal role in Malaysia’s economy, undergoing a swift transformation towards high-tech, knowledge-intensive and higher-value activities. For the period of January – September of 2023, Malaysia’s E&E industry recorded RM57.4 billion in approved investments with foreign investment making up nearly 98 per cent or RM56.3 billion.

**The End**

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 AT&S
AT&S is a leading manufacturer of high-end printed circuit boards and IC substrates. AT&S industrialises leading-edge technologies for its core business segments Mobile Devices & Substrates, Automotive, Industrial and Medical. AT&S has a global presence with production sites in Austria (Leoben, Fehring) and plants in India (Nanjangud), China (Shanghai, Chongqing) and Korea (Ansan near Seoul). The company employs roughly 14,000 people. For further information please visit www.ats.net.

For more information, please contact:

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

AT&S
Ms. Ruth Foo
Senior Corporate Affairs & Communications Manager
+6012 8922883 | [email protected]

AT&S Inaugurates Southeast Asia’s First IC Substrates ManufacturingPlant Valued RM8.5 Billion in Kulim, Malaysia

MELAKA, 22 January 2024 – Audemars Microtec;  a global leader in micro-technology and a key supplier of precision micro-components for implantable, interventional and wearable medical devices, proudly marked the Grand Opening of its cutting-edge manufacturing facility in the Angkasa Nuri Industrial Area, Melaka. The milestone celebration was made possible with the invaluable support of the Malaysian Investment Development Authority (MIDA).

The new facility, strategically located in Melaka, is poised to produce high-tech precision components, including micro-coils, micro-magnets and micro-assemblies, catering to the evolving needs of customers while expanding Audemars Microtec’s global presence.

The ceremony was attended by YAB Datuk Seri Utama Ab Rauf Yusoh, Chief Minister of Melaka; YB Datuk Fairul Nizam Roslan, EXCO of Science, Technology, Innovation and Digital Communication; Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer (Investment Promotion and Facilitation) of MIDA; YB Tuan Zahari Abd Khalil, Deputy EXCO for Infrastructure, Public Facilities and Transport; Mr. Ralph A. Stamm, Deputy Head of Mission, Embassy of Switzerland in Malaysia; Dr. Mirko Audemars, Owner and CEO of the Audemars Group; Mr. Brett McMillan, COO of the Audemars Group; as well as other distinguished guests.

The Chief Minister of Melaka, YAB Datuk Seri Utama Ab Rauf Bin Yusoh emphasised, “Audemars Microtec’s new site in Melaka is testament to the thriving business environment and economic opportunities that our state has to offer.  Melaka is proud to be able to attract such a high-tech company from overseas, which will not only enhance Melaka’s reputation but also contribute to the vibrancy of our business landscape. Melaka has long been known for its rich cultural heritage, historical significance, and warm hospitality. With the inauguration of Audemars Microtec (Malaysia), we are witnessing the fusion of tradition and progress, the harmonious coexistence of our past and the promising future that lies ahead. Melaka is committed to creating an environment that fosters innovation, encourages investment, and ensures the success of businesses that choose Melaka as their home.”

Datuk Wira Arham Abdul Rahman, the Chief Executive Officer (CEO) of MIDA, expressed the strategic importance of this venture, stating, “Audemars Microtec, with its legacy of precision, innovation, and excellence, reinforces Malaysia’s strategic standing as a location for micro-technology. This is the kind of investment that Malaysia aims to attract and anchor: highly sophisticated manufacturing, on the frontiers of technology, and helping to position us at pivotal points of global supply chains. Many of these are skilled jobs which meet the aspirations of Malaysians. Beyond jobs, these investments also enhance the vibrancy of our economy and help us stay relevant to the world. This investment will also bring us closer to achieving our ambition for the manufacturing sector as outlined in the New Industrial Master Plan (NIMP) 2030. As the leading force behind investment promotion in the country under MITI, MIDA is excited about working hand-in-hand with Audemars Microtec. We look forward to nurturing the growth of their operations in Malaysia.”  

Meanwhile, Dr. Mirko Audemars, owner and CEO of Audemars Microtec remarked, “The opening of our new manufacturing site in Melaka, Malaysia, represents a significant milestone for the Audemars Group, and we are delighted to share this occasion with our valued partners, stakeholders, and the local community. This state-of-the-art production facility may support up to 200 local jobs and has been strategically designed to meet the growing demand for our precision components.”

“We believe that the establishment of the Melaka plant will enhance Audemars’ standing as a globally recognised manufacturer of high-tech precision components. We are excited to be part of Melaka’s growing eco-environment and look forward to the opportunities that lie ahead. The collaboration with the local workforce and investment in renewable energy sources underscores our dedication to ensuring sustainable development for both Audemars Microtec and the region. Today marks the commencement of a promising journey. We are committed to strengthening our efforts to fulfil the increasing capacity demands and ensuring business continuity that     are vital to our client’s success. We extend our gratitude to everyone who has been part of this venture so far.” he added.

**The End**

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.

About Audemars Microtec

Originating in the Swiss watch industry 125 years ago, Audemars has developed into a multi-national group of companies specialized in microtechnology. Audemars is strategically focused on co-development and manufacture of the smallest, precision electro-magnetic micro-components and assemblies that support the smallest, high-tech devices of its global client base. More information about Audemars Microtec’s products can  be found at:

https://www.audemars.com

For more information, please contact:

MIDA

Ms. Noor Suziyanti Saad
Director of Electrical & Electronics Division
T: 03-2267 3575
E: [email protected]

Audemars Microtec (Malaysia) Sdn. Bhd.

Administration Department
Audemars Microtec (Malaysia) Sdn. Bhd.
E: [email protected]

Audemars Microtec Holds Grand Opening Ceremony for Its New State-Of-The-Art Production Facility In Melaka, Malaysia

KEDAH, 15 January 2024 – Ferrotec Holdings Corporation, a global supplier of materials, components, and precision system solutions, today announced the Grand Opening Ceremony to start production of its new manufacturing facility at Kulim Hi-Tech Park, Kedah, facilitated by the Malaysian Investment Development Authority (MIDA). The plant which will be undertaking electromechanical assembly and advanced material fabrication for semiconductor equipment is designed to meet customer needs while also expanding the Group’s business globally.

The ceremony was attended by Dato’ Seri Haji Muhammad Sanusi Bin Md Nor, Kedah Menteri Besar; Ms. Lim Bee Vian, Deputy Chief Executive Officer (Investment Development) of Malaysian Investment Development Authority (MIDA); Tuan Haji Mohd Zaini Haji Ramli, Kulim District Officer; Dato’ Mohd Sahil Bin Zabidi, Group CEO of KTPC; Mr. He Xian Han, President of Ferrotec Holdings Corporation and Group CEO; Mr. Yamamura Takeru, Vice President of Ferrotec Holdings Corporation and Chief Executive Officer of Ferrotec Manufacturing Malaysia Sdn. Bhd.; Mr. He Anzhi, Managing Director of Ferrotec Manufacturing Malaysia.; as well as other distinguished guests.

The Kedah State Menteri Besar YAB Dato’ Seri Haji Muhammad Sanusi emphasised, “Kedah is an excellent investment destination not only known for tourism, agriculture, but also manufacturing. The State Development Plan 2035 (KEDAH2035) seeks to achieve high-income status for its people through unleashing Kedah’s vast potential, with the private sector playing a pivotal role. Kedah offers a strategic location, skilled workforce, and a supportive environment for companies to flourish. This is evident in our seamless administrative processes and the unprecedented benefits and infrastructures we offer. With the E10 initiative set up to ease investors journey and a strong track record with multinationals already present here, Kedah is no doubt a preferred state for investment.”

Ms. Lim Bee Vian, Deputy CEO (Investment Development), MIDA, commended Ferrotec for their unwavering trust and support in establishing their manufacturing facility in Malaysia. “Ferrotec, with its extensive manufacturing footprint, symbolises the diversification of supply chains, reinforcing Malaysia’s strategic standing as a location for semiconductor operations. By choosing Malaysia, Ferrotec positions itself to leverage untapped opportunities, foster innovation, and contribute substantially to the ever-evolving semiconductor landscape in our region. We will continue to partner with leading companies to anchor high value-added manufacturing, adopt advanced manufacturing technologies and equip our people with the requisite skillsets. Our partnership with Ferrotec is a good example of how we are doing this.”

She further emphasised, “As part of the government’s initiative to elevate the manufacturing sector to greater heights and capitalising on emerging global trends, the New Industrial Master Plan (NIMP) 2030 has been introduced as the industrial policy. This seven-year plan adopts a mission-based approach to foster industrial development, identifying Mission-Based Projects that leverage Malaysia’s strengths and potential in key industries such as the electrical and electronics (E&E), machinery and equipment (M&E) and chemical.”

Meanwhile, Mr. Takeru Yamamura, Vice President of Ferrotec Holdings Corporation and Chief Executive Officer of Ferrotec Manufacturing Malaysia Sdn. Bhd. remarked, “The opening of our flagship plant in Kedah, Malaysia marks a significant milestone for Ferrotec, and we are delighted to share this moment with our valued partners, customers, and the local community. This state-of-the-art production facility has been strategically designed to meet the growing demand for our products and services in the dynamic Asian market.As Ferrotec’s first manufacturing location in South-East Asia, the Kedah plant integrates the culmination of 44 years of engineering expertise gathered from our operations in the US, EU, China, and Japan. Our commitment to delivering high-purity materials and precision assembly is a testament to the global standards that define Ferrotec.

We believe that the establishment of the Kedah plant will propel Ferrotec to new heights as a globally recognised international supplier in the Semiconductor Industry. Being part of the vibrant eco-environment in Kedah is a privilege, and we are excited about the prospects that lie ahead. The collaboration with the local workforce underscores our dedication to ensuring a sustainable future for both Ferrotec and the region.Today marks the commencement of a promising journey, as Ferrotec is committed to continue driving its effort to fulfill the increasing capacity demands and improved business continuity that are vital to our customers success.We extend our gratitude to everyone who has been part of this endeavor.” he added.

From January to September 2023, the Machinery & Equipment (M&E) industry witnessed substantial investments, amounting to an impressive RM10.8 billion across 63 projects. This included RM9.6 billion from foreign investments and RM1.2 billion from domestic sources. Ferrotec has invested approximately RM850 million in this project creating more than 800 job opportunities, with majority catered towards our local talents.

 *****

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.

About Ferrotec

Founded in 1980, on a technology core of Ferrofluid magnetic liquid and Ferrofluidic® sealing products, Ferrotec Holdings Corporation (6890 TSE Standard) is a worldwide leader in the supply of materials, components, and precision system solutions for industrial businesses. Ferrotec is a diversified world-class industrial organization with a global presence in a broad array of technology driven end markets (semiconductors, automotive, biomedical applications, smart phones, LEDs and FPDs). More information about Ferrotec’s products can be found at:

https://www.ferrotec.com/

https://ferrotec.my/

For more information, please contact:

MIDA
Ms. Zakiah Sajidan
Director of Machinery and Metal Technology Division
T: 03-2267 6769
E: [email protected]

Ferrotec Manufacturing
Ms. Tan Ai Leng
Associate Director of Ferrotec Manufacturing Malaysia Sdn Bhd
T: 016-456 8439
E: [email protected]

Ferrotec Holds Grand Opening Ceremony for Its New Factory In Kedah, Malaysia

 Kuala Lumpur, 24 January 2023 – MIDA is set to double efforts to pave the way for foreign investors to make Malaysia its investment hub. This includes investors from Italy, who were recently apprised of future Malaysia-Italy business opportunities and strategic collaborations, particularly in fields such as the chemical industry, green technologies, e-Economy, smart technologies and IR4.0 value chains recently.

YB Senator Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz, Minister of International Trade and Industry (MITI), led a working visit to Italy from 20 – 23 January 2023 to strengthen the business relationship between both countries. As a result, several Italian companies have expressed their interest to invest in Malaysia, given the country’s strategic position as a gateway to ASEAN and the Asia Pacific region. The overall visit has also successfully attracted potential FDIs valued at RM3.25 billion, which are expected to be realised from 2023 onwards.

“In line with the Government’s commitment to being pro-business, pro-investment and pro-trade, MITI and its agencies are ready and prepared to enhance ties with investors that bring in hi-tech and quality investments that will help create better-paying jobs for Malaysians. From the FDI standpoint, our country is already recognised for its strategic location in Southeast Asia, diversified industry ecosystem and qualified talent pool. What is key now is to address all the pain points in the investors’ journey, in an effort to improve the overall ease of doing business in  Malaysia,” said Tengku Zafrul.  

Also part of the Ministerial delegation was Chief Executive Officer of Malaysian Investment Development Authority (MIDA), Datuk Wira Arham Abdul Rahman said, “As a vibrant industrialising and services-oriented nation, Malaysia has geared into the next level of development as our economy becomes more diversified to cater to new growth areas. MIDA continues to welcome high-quality foreign direct investments from around the world, including from Italy. These investments assume an important role in the development of Malaysia due to its multiplier impact on the economy and will continue to do so in the post-pandemic era”.

During the visit, the Minister engaged with several influential business leaders and potential investors through one-on-one business meetings. Italy is Malaysia’s 9^th largest foreign investor from the European Union. As of September 2022, a total of 77 manufacturing projects with Italian participation have been implemented with total investments of USD382 million (RM1.4 billion), creating 4,346 job opportunities.

As one of the countries that has created many world class hi-tech companies globally, Italy is able to offer many latest technologies and digitalisation expertise. Hence, the presence of Italian companies in Malaysia is seen as vital to facilitate the transfer of technology to create more Malaysian knowledge workers. Italy’s emerging green technologies are also critical  to support  Malaysia’s long term strategic objective of attracting investments with Environmental, Social and Governance (ESG) considerations, in alignment with the country’s New Investment Policy (NIP).

*****

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

For media enquiries, please contact:

Mr. Faizal Jalaludin
Director, Foreign Investment Division, MIDA
Phone : +603 2267 6633
Email  : [email protected]

Ministerial Delegation to Italy Attracts RM3.25 Billion Of Potential FDI

Kuala Lumpur, 20 January 2023 – Led by the Minister of International Trade and Industry (MITI), YB. Tengku Datuk Seri Utama Zafrul Bin Tengku Abdul Aziz, Malaysia presented a strong proposition to investors at the World Economic Forum (WEF) Annual Meeting 2023 in Davos, Switzerland, from 16-20 January 2023.

The annual meeting, themed “Cooperation in a Fragmented World,” brought together 2,700 leaders from 130 countries, including 52 heads of state and government, as well as representatives from the private sector and civil society to address the state of the world and top priorities for the year ahead to improve global economic conditions.

At this high-profile gathering, the MITI Minister continuously emphasised Malaysia’s commitment to improve the ease of doing business, maintain a pro-business policy and attract more high-value investments, while also positioning Malaysia as a gateway into Southeast Asia.

YB. Tengku Datuk Seri Utama Zafrul was a panelist at a few official WEF sessions including “Living with Risk” and the “Governors Policy Meeting on Supply Chain & Transport”. Tengku Zafrul was also part of a CNBC Panel Session entitled “Global Trade: Navigating the Post-Pandemic Supply Chain Challenge”, which also included His Hon. Ville Skinnari, Finland’s Minister for Development Cooperation and Foreign Trade, as a panelist.

WEF served as an expeditious platform for the MITI Minister to meet his counterparts, including His Hon. Ahn Duk-geun, Minister for Trade Korea; His Hon. Damien O’Connor, Minister for Trade and Export Growth, New Zealand; His Hon. Thani Ahmed Al Zeyoudi, Minister of State for Foreign Trade, United Arab Emirates; Liesje Schreinemacher, Minister for Foreign Trade and Development Cooperation, Netherlands; as well as His Hon. Luhut Binsar Pandjaitan, Coordinating Minister of Maritime and Investment Affairs and His Hon. Bahlil Lahadalia, Minister of Investment, Indonesia; to discuss trade issues including strengthening economic partnership between Malaysia and their countries.

The MITI Minister also met with several key representatives from multinational companies such as Intel Corporation, Microsoft Corporation, P&G, Honeywell, Amazon Web Services, Ericsson, Port of Antwerp, AstraZeneca and Estee Lauder where they exchanged views and insights on ways to strengthen existing business and investment relations as well as exploring further opportunities in Malaysia.

The Malaysian delegation, led by Tengku Zafrul, promoted the government’s initiatives to attract quality and sustainable investments, as well as exchanged views and perspectives with the leaders of other countries and participants.

***ENDS***

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

For more information, please contact:

MIDA
Mr. Faizal Jalaludin
Director, Foreign Investment Division
E: [email protected]   I   T: +60322676650

Malaysia Presents A Strong Proposition to Investors at World Economic Forum (WEF) 2023, Davos

16 January 2023, Penang – Intel Malaysia in collaboration with the Malaysia Productivity Corporation (MPC), the Malaysian Investment Development Authority (MIDA) and Scuttle Robotics has successfully launched the RoboFun (Robotics for University) programme.

Datuk Bahria Mohd Tamil, Deputy Secretary General (Investment) of the Ministry of International Trade and Industry (MITI) has officiated the launching event and expressed, “I applaud Intel’s effort in creating the RoboFun program as one of the on-going collaborations forged between Industry, Government and universities towards strengthening the robotics ecosystem in Malaysia. I believe that all these efforts will ultimately contribute to the evolution of Malaysian industries towards Industry 4.0.”

Datuk Wira Arham Abdul Rahman, CEO of MIDA said, “Intel’s initiative on talent development via RoboFun’s comprehensive training module in collaboration with local universities is an effective method to spur industry and academia knowledge sharing in developing an Autonomous Mobile Robots (AMR) system. The solution and Industry 4.0-related technology created by our own university talents will encourage local SMEs to optimise productivity as well as to enhance their capabilities. MIDA is looking forward to support the success of this programme which will ultimately improve local graduates’ marketability to meet the industry needs. MIDA will continue to work together synergistically with the industry and academia to support the development of the electrical and electronics (E&E) ecosystem in Malaysia.”

Dato’ Abdul Latif bin Haji Abu Seman, Director General of MPC is optimistic that the RoboFun programme will continue to increase the productivity and competitiveness of our industry and that this trend will continue in the foreseeable future. Autonomous Mobile Robots (AMR) would be a workable solution to the problem of growing labour expenses if only the price of automating processes could be brought down. MPC, in its capacity as the programme’s operational partner, will be in charge of administering the whole training process, with Intel and Scuttle Robotics providing all necessary technical assistance.

Mr. Eric Chan, Vice President of Network and Edge Group, General Manager of Customer Application Support and Enabling, Intel Corporation said, “The digital divide is not just between the rural and the urban as it exists even at places where there are plenty of intellects. We aim to bridge this gap among the faculties, to create a new generation of workforce equipped with a higher appreciation of digital skills and artificial intelligence (AI) technologies, regardless of their training disciplines. AMR is one of the best applications to realise multiple advanced technologies’ integration – from mobility, AI, control systems, OS and to automation. RoboFun aspires to help universities build capabilities and ultimately emerge as the core technology and solutions provider for SMEs in the country. We’re also proud that it would serve as a catalyst for the ecosystems to do the same and create a vibrant pool of talents, industry players and adopters of the technology. We are excited to share our experience in providing AMR solutions training to the universities and to continue working closely with all partners under this program, as we know how big a task this is for all,” Eric said when met at the program’s launch in the Intel PG16 premises.

The launching of the event today featured a line-up of five public and private universities namely; Universiti Malaya (UM), Universiti Sains Malaysia (USM), Universiti Tunku Abdul Rahman (UTAR), Universiti Putra Malaysia (UPM) and Universiti Teknologi Petronas (UTP) that were each awarded with Intel’s Autonomous Mobile Robot (AMR) kits that are instrumental in establishing the universities’ respective Robotics laboratories and will serve to empower students of all faculties to upskill their knowledge and adapt to AMR systems.

Chancellors and deans from universities have expressed their positive support of the programme, citing that the programme will not only benefit youths but will potentially catapult the initiative of enhancing the Autonomous Mobile Robots capabilities among students and lecturers. Through collaboration by Intel and Scuttle Robotics, they managed to produce a robust AMR solution. Considering the driving force behind the demand for AMR robots, the university representatives expressed their confidence that the RoboFun programme is the way forward for Malaysians to address the concern of chronic shortage of skilled workers.

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About Malaysian Investment Development Authority (MIDA)

MIDA is the Government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About the Malaysia Productivity Corporation (MPC)

Malaysia Productivity Corporation (MPC) is a statutory body under the Ministry of International Trade and Industry (MITI). MPC promotes productivity, quality and competitiveness to the industries and organisations in Malaysia. MPC’s vision is to be the leading organisation in productivity enhancement for global competitiveness and innovation.

About Intel

Intel Malaysia was the first offshore site for Intel Corporation, with more than RM22 billion invested since 1972. Today, Intel Malaysia employs more than 12,000 employees including the country’s largest design and development centre and one of only two Intel shared services hubs supporting HR, Finance, Procurement, IT, and Supply Chain operations to Intel sites globally. Intel Malaysia is also Intel’s largest assembly and test manufacturing site that produces Intel’s latest products utilizing smart manufacturing techniques. © Intel Corporation. Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.

For media enquiries please contact:

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

MPC :
Ms. Lee Wan Wei
Senior Manager
E-mail : [email protected] | Mobile : +6012 – 295 5105

INTEL :
Mr. Calvin Kwok
Strategic Communications & Higher Education Program Manager,
Public Affairs, Intel Malaysia
E-mail : [email protected] | Mobile : + 6016 – 451 3836

Robofun To Nurture High-Skilled Future Talents

Kuala Lumpur, 9 January 2023 – AEM, a global leader in test innovation, celebrates the grand opening of its new manufacturing plant in Penang. The new plant comprises a 365,000-square-foot area for assembly, quality assurance (QA), a warehouse, an R&D lab, and more, to develop advanced testing and handling equipment.

This expansion comes on the heels of AEM’s highest recorded nine-month revenue level in history for 9M2022 at SGD$747 million. The new plant will also allow AEM to tap into the region’s growth opportunities and talents and bring its operations closer to existing and new customers.

The plant was officiated by the Chief Minister of Penang, Right Honorable Mr. Chow Kon Yeow, the Deputy CEO Investment Development of MIDA, Ms. Lim Bee Vian, AEM’s Chief Executive Officer (CEO), Chandran Nair, and AEM’s Non-Executive Chairman, Loke Wai San. Guests included Penang State Exco Trade, Industry & Entrepreneur Development, Yang Berhormat Dato Haji Abdul Halim Bin Haji Hussain, the Special Investment Advisor to the Chief Minister of Penang, Dato’ Seri Lee Kah Choon, the CEO of InvestPenang, Dato’ Loo Lee Lian, the Deputy High Commissioner to Malaysia, Mr. Shivakumar Nair, together with other dignitaries. This momentous ceremony also included an exclusive tour of the plant. Almost 400 employees of AEM joined the celebration with the company’s leadership team.

“AEM’s new manufacturing plant in Penang lends credence to our conduciveness as a global semiconductor hub. With half a century of industrialization in its DNA, Penang has navigated numerous up and down cycles, and has emerged stronger from each. Experiencing an upward trend in its exports, Penang contributed an average 29 per cent of Malaysia’s export, and 58 per cent of the nation’s trade surplus over the past five years. In terms of investments, Penang is among the top contributors to the country, garnering RM9.2 billion in approved manufacturing investments from January to September 2022. Particularly, investments from machinery and equipment industry amounted to a total of RM7.3 billion from 2020 to September 2022, represented 57 per cent of the country’s total,” said Right Honorable Mr. Chow Kon Yeow, Chief Minister of Penang, while congratulating AEM for bringing the expansion plan to fruition.

“Riding on the prolific growth of advanced technologies, I am confident that Penang will be benefitting from the semiconductor industry’s long-term outlook. The state, via InvestPenang, is looking forward to working with AEM in accelerating the region’s vibrant electrical and electronics (E&E) ecosystem development, anchoring our status as the Silicon Valley of the East,” added the Chief Minister.

Ms. Lim Bee Vian, Deputy CEO, Investment Development of MIDA said, “AEM’s footprint in Malaysia will be a strategic advantage to Malaysia’s E&E industry, as the company can offer customized testing solutions for the electronics and semiconductor industries.”

“I am certain that this project demonstrates not only AEM’s confidence in Malaysia’s long-term investment propositions but also the thriving state of the manufacturing industry and its ecosystem in Malaysia. The project is a parallel testament of the global investors’ confidence in Malaysia as the preferred investment destination and the local companies’ capability and readiness to support high-profile business ventures and activities,” she added.

“We’re pleased to announce the opening of our new plant in Penang. It allows us to scale up testing and handling capabilities to meet the growing demand for new semiconductor devices. We ensure our customers’ success by continuing to grow our capabilities to deploy quickly at scale. Together with our centre of excellence in Singapore, I believe we will solidify our position as a hub in the region,” said Chandran Nair, CEO of AEM.

Malaysia is an important market as it is strategically positioned in the heart of Southeast Asia. The E&E industry contributes significantly to Malaysia’s GDP growth, export earnings, investment and employment and plays a vital role in the country’s industrial development. From January to September 2022, Malaysia attracted a total of RM22.6 billion in approved investments for the E&E industry.  

As a hub in the semiconductor global supply chain, Penang accounts for 80 per cent of the nation’s contribution to global backend semiconductor output, and over 5 per cent of the world’s semiconductor sales over the last few years.

*****

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.

About AEM

AEM is a global leader in test innovation. We provide the most comprehensive semiconductor and electronics test solutions based on the best-in-class technologies, processes, and customer support. AEM has a global presence across Asia, Europe, and the United States. With manufacturing plants located in Singapore, Malaysia (Penang), Indonesia (Batam), Vietnam (Ho Chi Minh City), China (Suzhou), and Finland (Lieto), and a global network of engineering support, sales offices, associates, and distributors, we offer our customers a robust and resilient ecosystem of test innovation and support. AEM Holdings Ltd. is listed on the main board of the Singapore Exchange (Reuters: AEM. SI; Bloomberg: AEM: SP). AEM’s head office is in Singapore.

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 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 i4.0 seed fund (a catalyst for the startup ecosystem). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook ; LinkedIn.

For more information, please contact:
MIDA
Ms. Zakiah Sajidan
Director, Machinery and Metal Technology Division, MIDA
E: [email protected] I T: +603-2267 3628

On behalf of AEM
Ms. Deanna Nabilah
RICE Communications
E: [email protected] I T: +65 8161 6864

InvestPenang
Ms. Yeoh Bit Kun
Head of Communication & Business Intelligence
E: [email protected] | T: +604 646 8833

AEM Opens New 365,000-Square-Foot Manufacturing Plant In Penang

Kuala Lumpur, 28 January 2022 – The Malaysian Investment Development Authority (MIDA), Malaysia Productivity Corporation (MPC) and Intel Malaysia today awarded Intel’s Artificial Intelligent (AI) Kits to five (5) local universities, namely Universiti Malaya, Universiti Sains Malaysia, Universiti Tunku Abdul Rahman, Universiti Tenaga Nasional and Asia Pacific University of Technology and Innovation.

To ensure a conducive learning environment for the youth, MPC, MIDA and Intel Malaysia are pushing to break the myth that digital technology is only for techies. Designed with innovation in mind, the ‘AI-based machine vision’ kits align with the growth of the emerging technologies by providing education institutions an avenue to equip future talents with AI skills.

This handover event is a continuation of Artificial Intelligence for Universities (AI4U) programme launched by the organisations in November 2021, to facilitate the building of their respective AI Labs among these institutions to cultivate computational thinking skills among students of various fields of study. This sponsorship opportunity will also enhance training and learning capabilities, initiate research in technology theories and design, and introduce intelligent computing and machine learning.

Dato’ Arham Abdul Rahman, Chief Executive Officer of MIDA in his welcome remarks, said “AI education unlocks collaborative and remote learning, giving communities of learners ubiquitous access to knowledge and self-development. MIDA aspires to emulate the success of the AI4U Programme to initiate multiple academia-industry collaborations because such initiatives are fundamental to our future. Besides creating high-value job opportunities, we are responsible for preparing our aspiring young technology innovators and leaders because they are crucial to nation-building in this technologically driven era. We hope today’s milestone will trigger new opportunities to emulate similar partnerships between premier universities and the corporate sector to enhance growth in AI-related research activities and commercial product innovation. Congratulations to everyone involved!”

The Director General of MPC, Dato’ Abdul Latif Hj. Abu Seman said MPC is delighted to collaborate with MIDA and Intel Malaysia in the AI4U programme. He remarked, “As technology evolves, employers are asking for graduates with different skills as well and higher education will need to respond accordingly. As we ramp up our efforts, we gave the education institutions a facelift to reflect our goals for an AI-driven future.”

The five (5) selected universities are expected to establish their respective AI labs, which will serve to empower students of all faculties to learn and experience AI. This programme is also designed to have the computer science faculty of the universities to be the peer trainer by their respective computer science students and lecturers to the rest of their faculty.

*****

About MIDA
MIDA is the government’s principal promotion 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 and YouTube.

About MPC
The Malaysia Productivity Corporation (MPC) is a statutory body under the Ministry of International Trade and Industry (MITI). MPC promotes productivity, quality and competitiveness to the industries and organisations in Malaysia. MPC’s vision is to be the leading organisation in productivity enhancement for global competitiveness and innovation.

For media enquiries, please contact:

MIDA
Aizah Abdullah
Director
Industry Talent Management and Expatriate Division
[email protected] | DL: +603-2267 3529

MPC
Huda Atiqah Samsir
[email protected] | DL: +6013 726 1950

Lee Wan Wei
[email protected] | DL: +6012 295 5105

MIDA, MPC and Intel Taking AI Innovation to The Next Level for Education Institutions

Kuala Lumpur, 13 January 2022 – The Malaysian Investment Development Authority (MIDA) kickstarted their 2022 to build relationships in appreciating partners and stakeholders’ contribution towards MIDA in 2021. During their annual media appreciation and networking event, YBhg. Dato’ Arham Abdul Rahman, Chief Executive Officer of MIDA, thanked the unwavering commitment and support from the media team in helping MIDA highlight Malaysia’s potential as an investment destination in 2021 and shared a brief insight into the organisation’s theme for this year, “Rebuilding a sustainable economy through quality investment and strategic investment supply chain development in 2022”.

The Government, via MIDA, remains focused on attracting high-quality investments from foreign and domestic companies into Malaysia through various investment strategies and policy initiatives amid the COVID-19 pandemic.

From January to September 2021, Malaysia attracted RM177.8 billion approved investments in the manufacturing, services and primary sectors and generated 79,899 job opportunities. Within the first nine months of 2021, foreign direct investments (FDI) contributed RM106.1 billion, accounting for nearly 60 per cent of the total approved investments. The remainder, 40.3per cent or RM71.7 billion, were channelled from domestic direct investments (DDI), thanks to the existing and new aspiring local companies meeting the growing industrial needs of different MNCs.

Many Fortune 500 and local companies made pivotal decisions to leverage Malaysia’s role as a strategic supply chain hub with cost advantages and pro-business policies, a friendly economic environment and ASEAN trade and bilateral relations.

MIDA has consistently explored avenues to enhance its business processes, delivery and facilitation to further increase efficiency in supporting investors. Among the major initiatives undertaken by the Government to improve Malaysia’s investment environment include:-

a. One-Stop-Centre (OSC) Facilities
To facilitate the movement of short-term business travellers during the pandemic.

b. The Digital Investment Office (DIO)
A fully digital collaborative platform between MIDA and the Malaysian Digital Economy Corporation (MDEC) to spur the charge towards facilitating digital investments in Malaysia.

c. InvestMalaysia
A single gateway portal for approval of investment projects.

d. MIDA’s Project Acceleration and Coordination Unit (PACU)
End-to-end facilitation to all approved projects in the country, enabling speedy and efficient implementation.

e. MIDA Assessment Development Centre (MADC)
A collaboration initiative known as HyTalent Programme; a synergised effort between three (3) premier local universities that offer up-skilling and re-skilling programmes to local graduates and talented individuals to make them career and industry-ready.

f. The Intervention Fund (IF) and Smart Automation Grant (SAG)
To facilitate our local players’ technical competencies.

YBhg. Dato’ Arham Abdul Rahman shared, “We focused on accelerating the adoption and adaptation of digitalisation to transition brick and mortar hubs into “smart factories” to enhance flexibility and optimise productivity and growth remotely. We strive to ensure that Malaysia remains welcoming of investors by rolling out several game-changing measures to ease the challenges of operating businesses in the country while encouraging and facilitating the adoption of technology, innovation and research by companies. Looking towards 2022, MIDA encourages companies to accelerate the adoption of digitalisation and intensify research and development (R&D) activities to discover new technologies”.

Malaysia also focuses on pursuing more high quality, capital-intensive projects and those that support the sustainable development agenda of the nation. Aligning to the Shared Prosperity Vision (SPV) 2030 and the Twelfth Malaysia Plan (RMK12), the country has been securing new investments that align well with Malaysia’s National Investment Aspirations (NIA) and Environmental, Social and Governance (ESG) principles. The NIA is expected to propel Malaysia’s long-term growth through the flow of sustainable quality investment in new and complex growth areas.

To reflect this, MIDA has lined up targetted trade and investment missions (TIM) and Specific project Missions (SPM) to capture investments in high technology, innovation and research-driven industries that will complement the Malaysian industrial ecosystem. MIDA has a pipeline of 477 projects with proposed investments of RM33.3 billion in the manufacturing and services sectors within MIDA’s purview. These include aerospace, electronic vehicles, machinery and equipment, IC design, advanced electronics; advanced materials; fine chemicals; renewable energy such as photovoltaic; optics and photonics; display technology; petrochemical; pharmaceutical, medical devices, etc. food security.

“As the coordinating central investment promotion agency and a one-stop centre for potential investments, we look forward to working collaboratively with the relevant investment promotion agencies to harness the competitive strengths of every state within Malaysia.” added Dato’ Arham.

****

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 Malaysia’s manufacturing and services sectors. 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 and YouTube channels.

For further enquiries, please contact:

MIDA
Fatmah Ahmad
Senior Deputy Director
+603  2267 2428
[email protected]

Citrine One   
Edna Zacharias
Communication Director
+601 6355 4758
[email protected]

Citrine One
Jane Goh
Consultant
+601 3312 1027
[email protected]

MIDA Affirms Commitment to Building a Sustainable Investment Ecosystem for Malaysia in 2022

Kuala Lumpur, 7 January 2022 — Micron Technology, Inc. (Nasdaq: MU), today announced an investment of RM1 million to strengthen collaboration, research and development (R&D) projects with local universities over the next five years. Funding will go towards grants supporting research in the areas of semiconductor materials, smart manufacturing and artificial intelligence which are key to the advancement of tech manufacturing in the country.

“Like all fellow Penangites, my colleagues and I are immensely proud of Penang’s achievements in the electronic and electrical industry. Yet to go further, we need partners who share our vision for Penang, and Micron is one of them,” said Yang Amat Berhormat Tuan Chow Kon Yeow, Chief Minister of Penang. “The RM1 million grant funding to local universities by Micron today further reinforces the company’s commitment to using its leadership, influence and resources to create positive change, on top of its relentless efforts in employee wellbeing, sustainability, and corporate social responsibility.”

“We are encouraged by Micron’s efforts and contribution to build a resilient semiconductor ecosystem that supports Malaysia’s competitiveness as the destination of choice for future investments,” said YBhg. Dato’ Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA). “For the past 50 years, MIDA has strived to position Malaysia as an international manufacturing hub whose holistic electrical and electronics ecosystem enables front-end and back-end semiconductor production, and this would not have materialised without the active contribution of the corporate sector. Besides advancing business growth, their involvement in universities’ academic curriculum development has been catalytic in grooming aspiring young technology innovators and leaders who are fundamental to this industry’s success. This partnership between Micron and Universiti Sains Malaysia (USM) is set to create new growth opportunities and we welcome such collaborations to transpire between other various institutors and companies.”

“Malaysia is critical to our global manufacturing footprint, and we hope the funding and knowledge transfer to local universities will strengthen the local semiconductor ecosystem, advance R&D and deepen science, technology and engineering skills in the local talent pool,” said Amarjit Singh Sandhu, Corporate Vice President and Country Manager of Micron Malaysia. “We aim to use our presence and influence to contribute to Malaysia’s economy, including generating quality jobs and increasing the country’s productivity, efficiency, and global competitiveness.”

USM is the first university partner to receive funding from Micron. The Memorandum of Understanding (MOU) between Micron and USM was signed during an official (virtual) ceremony by Amarjit Singh Sandhu, Corporate Vice President and Country Manager of Micron Malaysia and YBhg. Professor Dato’ Dr. Faisal Rafiq Bin Mahamd Adikan, Vice Chancellor of USM.

Witnessing the funding announcement and MOU signing ceremony were Yang Amat Berhormat Tuan Chow Kon Yeow, Chief Minister of Penang, and YBhg. Dato’ Arham Abdul Rahman, CEO of MIDA. Also in attendance were YBhg Professor Dato’ Ir. Dr. Abdul Rahman Bin Mohamed, Deputy Vice Chancellor of USM, YBhg. Dato’ Seri Lee Kah Choon, Special Investment Advisor to Chief Minister of Penang, and YBhg. Dato’ Loo Lee Lian, CEO of InvestPenang.

“I wish to thank Micron for giving USM the opportunity to be the first university partner to receive funding and hope that it will spur research and strengthen the collaborations between both organisations,” said YBhg. Professor Dato’ Dr. Faisal Rafiq Bin Mahamd Adikan, Vice Chancellor of USM. “The partnership between Micron and USM is in line with the focus area of the National Fourth Industrial Revolution’s policy, and supported by national policies such as the 12^th Malaysia Plan and Wawasan Kemakmuran Bersama 2030.”

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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 and YouTube channel.

About Micron Technology, Inc.
We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence and 5G applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

© 2022 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.

For more information, please contact:

MIDA Industry Talent Management and Expatriate Division
Aizah Abdullah
Director
+603-2267 3529
[email protected]

Micron Media Relations Contact
Erica Pompen
Micron Technology, Inc.
+1 (408) 834-1873
[email protected]

Micron Investor Relations Contact
Farhan Ahmad
Micron Technology, Inc.
+1 (408) 834-1927
[email protected]

Micron Invests RM1 Million to Support Research at Local Universities

Kuala Lumpur, 29 January 2021 – The United Nations Commission on Trade and Development (UNCTAD) has released earlier this week its latest Global Investment Trend Monitor report. It estimated that Global Foreign Direct Investment (FDI) flow fell by 42 per cent to an estimated USD859 billion in 2020 compared to USD1.5 trillion recorded in 2019. Almost all regions reported lower FDI in 2020, mainly due to the impact of lockdowns and a drastic decrease in the economic activities during the COVID-19 pandemic.

FDI flows to developing economies decreased by 12 per cent. The decline was reflected across all types of investments: greenfield projects (- 4 per cent), cross-border projects finance deals (-7 per cent) and cross-border M&A (- 4 per cent). FDI into South East Asia contracted by 31 per cent due to a decline in investments to the largest recipients in the sub region; inflows in Singapore fell by 37 per cent, Indonesia by 24 per cent, Vietnam by 10 per cent, Thailand by 50 per cent and Malaysia by 68 per cent.

The Government acknowledges that the FDI landscape has been and will likely remain challenging and highly competitive. As such, accelerating investments is a key priority in securing Malaysia’s growth recovery. In the recent period, efforts have been intensified to further attract and facilitate quality investments. Under PENJANA, the Government had announced several tax incentives to spur investment activity, including a 10-15 year tax exemption for new FDI in the manufacturing sector with capital investment of RM300 million or more. Measures to further improve investor experience, in particular, to ensure seamless investor facilitation will continue to be pursued on an ongoing basis. Specific initiatives that have been implemented include, amongst others, the establishment of the Project Acceleration and Coordination Unit (PACU) and various online platforms including i-Incentive to expedite the realisation of investments. The Government is also currently formulating a national investment strategy to attract high-quality investments that can meaningfully enhance Malaysia’s productive capacity, create high-skilled jobs, promote technology transfer and foster domestic linkages.

These efforts will further augment Malaysia’s attractiveness as an investment destination. As indicated by a recent joint study by KPMG and the Manufacturing Institute in the United States entitled “Cost of Manufacturing Operations around the Globe”, Malaysia was ranked fourth amongst 17 economies, which is ahead of countries in Asia such as China, Japan, Vietnam and India. The study validates Malaysia’s aspirations to become a global supply chain hub in the region. Further, MNCs are using Malaysia as a hub for treasury management services as well as a myriad of activities of related services.

Malaysia was also ranked second in terms of ease of doing business in ASEAN (12th globally) and for protecting investors according to the World Bank Doing Business Report 2020; fourth globally in handling the COVID-19 crisis according to Blackbox Research and Toluna; fifth amongst emerging economies as a key destination for investment and businesses, on the back of potential rapid economic recovery, stable fiscal and financial position and the ability to contain and alleviate the COVID-19 pandemic according to a recent report by Bloomberg.

Investment intentions remain healthy in Malaysia. Malaysia recorded a total of RM109.8 billion worth of approved investments in the economy (manufacturing, services and primary sectors) for the first nine months of 2020. These investments involved 2,935 projects and will create 64,701 jobs opportunities. FDIs accounted for almost 40 per cent (RM42.6 billion). The realisation of these investments over the immediate to medium term will provide support to economic growth in 2021 and beyond.

The manufacturing sector attracted the largest portion of approved investments for this period, contributing more than half (59.5 per cent) or RM65.3 billion, followed by the services sector (39 per cent/RM42.8 billion), and the primary sector (1.5 per cent/RM1.7 billion). Investments approved in the manufacturing sector for the period of January to September 2020 saw an increase of 16.6 per cent compared to the corresponding period in 2019. FDI in the manufacturing sector particularly saw an increase of 3.2 per cent to RM39.4 billion.

Malaysia has attracted a fair share of multinational corporations in the high-end and high- technology industries. This includes Schmidt and Nephew from the United Kingdom that produces high-tech medical device products including knee and hip implants; similarly, a new project by Dexcom, a US company and leader in continuous glucose monitoring system will be producing their niche offerings in Malaysia; LAM Research, a US global supplier of innovative wafer fabrication equipment and services to the semiconductor industry that chose Malaysia to expand its global footprint by establishing its advanced technology production facility in Pulau Pinang; LEM, a Switzerland-based electrical measurement company that will set up its new production plant in Malaysia to meet the growing demand of its customers in the industrial and automotive sectors; MusicTribe, a US-based multinational leader for professional audio products and musical instruments, on the other hand, is leveraging Malaysia to set up an Industry 4.0-driven, fully robotised manufacturing facility in addition to their Principal Hub activities; and the most recently SK Nexilis, a Korean copper foil manufacturer producing electric vehicle batteries is another example.

Existing companies also continue to expand their operations in Malaysia, illustrating Malaysia’s on-going value proposition to investors. These include Eppendorf, a leading German life science company that established an integrated centre for their shared services hub, covering functions such as IT, HR as well as Finance and Controlling, for the Group’s operations in the Asia Pacific, Middle East and Africa; Bosch, an existing German company for setting up a manufacturing facility park for testing of semiconductor components and sensors; B.Braun, an existing German company, expanded its global test centre for medical devices due to strong talent capability in Malaysia; Wistron, the Taiwan-based company engaged in the research and development, design, manufacture and sale of E&E products; Western Digital, a US company and the third largest computer Hard Disk Drive (HDD), Solid State Drive (SSD) and flash memory devices manufacturer in the world announced their additional investments in Malaysia to design, develop and manufacture media and substrates for HDD; Nippon Electric Glass (NEG), a leading Japanese manufacturer of specialty glass has also expanded their production capacity of glass tubing for pharmaceutical use in Malaysia given the demand for its products following the vaccine roll-out.

Looking ahead, foreign investment into Malaysia is expected to be sustained at pre-COVID level as MIDA has identified 240 high-profile foreign investment projects in the manufacturing and services sectors, with a combined potential investment value of RM81.9 billion, that are being negotiated and targeted by Malaysia in 2021. Presently, MIDA has also received and evaluated RM47.7 billion worth of potential investments into the country. These projects, once approved, are expected to be implemented within the year 2021 to 2022.

Being located in the Asia Pacific rim and the centre of ASEAN, Malaysia continues to be an attractive investment destination. The availability of excellent infrastructure, telecommunication services, financial and banking services, supporting industries as well as a diverse pool of talents with skills and trainable workforce has been pull factors for investors to consider. 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 (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 and YouTube channel.

For more information, please contact:
Ms. Choo Wai Meng,
Executive Director Strategic Planning (Manufacturing), MIDA.
Email: wmchoo @mida.gov.my | DL: +603-2267 3434

Ms. Roslina Othman,
Director, Investment Statistics Division
Email: [email protected] | DL: +603-2267 6650

Malaysia Remains Steadfast To Accelerate Quality Investments

Kuala Lumpur, 27 January 2021 – In collaboration with Intel Malaysia, the Malaysian Investment Development Authority (MIDA) has successfully organised a Virtual Artificial Intelligence for SMEs (AI4S) on 27 January 2021. This virtual event is the continuation of the first Axiomtek Artificial Intelligence Starter Kit launch on 18 August 2020; which led Intel Malaysia to award the AI Starter Kits to 100 selected companies in Malaysia. These identified SMEs will go through a comprehensive technology enabling process and training that will empower them to implement pilot projects in their settings to jump-start the Artificial Intelligence (AI) or Industry 4.0 journey.

The AI Starter Kit was co-developed with Axiomtek to bring in the right Industry 4.0 technology for the local industries to adopt and benefit its results. Axiomtek is a leading design and manufacturing company in the industrial computer and embedded field, based in Taiwan. It has successfully gained global recognition for its innovative designs and outstanding customer satisfaction. Axiomtek has successfully partnered with Intel Malaysia to develop and deliver cutting-edge solutions and technologies for its clients.

During his keynote address, Dato’ Azman Mahmud, Chief Executive Officer (CEO) of MIDA, said “While the country is gearing steadily into the knowledge and digital economy, Industry 4.0 adoption is deemed crucial for business survival and growth in innovation-led value creation. There are untapped opportunities available for the business community, especially SMEs. We want more SMEs to step up to embrace new technologies in their business activity. We know that there are numerous local companies out there that are capable of AI technology adoption but are not aware of how and where to start.”

The AI4S event sealed Intel Malaysia as one of the industry captains in paving the way for the adoption of Industry 4.0 and supporting SMEs to build value within the domestic industry ecosystem and preparing Malaysia to rise among the regional leaders in Industry 4.0. In this collaborative engagement, Intel Malaysia has committed to provide technology, knowledge transfer and some hardware funds. Intel Malaysia, together with Axiomtek will also provide training, supervision and mentoring of the pilot projects implementation by each participating local company. Simultaneously, the Malaysia Productivity Corporation (MPC) will assist in coordinating the entire programme.

This initiative is also part of Intel’s onboarding to Malaysia’s Lighthouse Programme which is being pursued by MIDA. It aims to back industry leaders in accelerating the Industry 4.0 adoption to a scalable and impactful stage while also influencing the domestic ecosystem providers for similar transformation by facilitating them to address implementation barriers and overcome challenges.

Dato’ Azman also suggested, “Moving forward I have proposed Intel to explore in enabling the universities in Malaysia to adapt and prepare the future workforce to embrace AI once they enter the job market. This graduate skill would reduce the colossal learning curve in work fields, while saving employers’ precious time and resources in correcting them into expected abilities.”

The AI4S Programme is hoped to inspire other MNCs to emulate Intel’s good intention in contributing back to the industrial ecosystem in Malaysia and increase the value proposition for the benefit of domestic economy. MIDA seeks industry leaders and players to take the opportunity and leverage the numerous facilitations offered by the Government to embrace Industry 4.0. These include Automation Capital Allowance (ACA), Industry4WRD Intervention Fund, as well as Smart Automation Grant (SAG) for companies undertaking automation in their manufacturing and processes.

The webinar has successfully attracted an overwhelming crowd of more than 1600 participants across different platforms through live webinar, FB page and Youtube Channel.

The details pertaining to the Automation Capital Allowance (ACA), Industry4WRD Intervention Fund and Smart Automation Grant (SAG) are available in MIDA official website at www.mida.gov.my.

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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 and YouTube channel.

For more information, please contact:

Mr. Norhizam Ibrahim
Director,
Advanced Technology and Research and Development Division, MIDA
Email: [email protected] | DL: +603 2267 6611

MIDA and Intel Malaysia continue initiative in driving Malaysia towards Industry 4.0

Kuala Lumpur, 27 January 2021 – CIMB ASEAN Research Institute (CARI) in partnership with ASEAN Business Club hosted another webinar under its flagship Invest ASEAN series on ‘Italian Industry Expertise in Malaysia’.

The session featured Dato’ Azman Mahmud, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA); His Excellency Cristiano Maggipinto, Ambassador of Italy in Kuala Lumpur; Luciano Pezzotta, Deputy Chairman of Eurocham Malaysia and Executive Board Member of the Italy Malaysia Business Association (IMBA); Lamberto Barbieri, Managing Director of CRIF Regional Headquarters (HQ) in Asia; Vincenzo Alaimo, Vice President of Asia Pacific, Global Sales of Leonardo Helicopters Division; and Dr Luciano Giorgi, Country Manager (Malaysia) of Maire Tecnimont and Chairman of Allied Elite Limited.

Moderated by Tan Sri Dr. Munir Majid, Chairman of CARI, the discussion emphasised on the recently signed Regional Comprehensive Economic Partnership (RCEP) Agreement providing an outstanding platform for multinationals to tap into the regional trading area that represents 30 per cent of the world’s Gross Domestic Product (GDP). Malaysia as a vibrant RCEP member provides significant trading and investment opportunities, including for the Italian businesses operating in the region.

Italian investments in Malaysia have ventured in various sectors such as oil and gas, petrochemicals, aerospace, and green and circular economy. Greater collaboration between Malaysia and Italy will further open Malaysia’s private sector to tap into Italy’s advanced technological expertise and expediting the momentum of Malaysia’s digital economy.

ASEAN as a growing trade and investment hub
Tan Sri Dr. Munir in his opening statement highlighted on Invest ASEAN series presenting an active forum for influential policymakers and corporate leaders to share and identify key opportunities for growth and development in the ASEAN region, apart from analysing the emerging trends on global business and markets.

“Notwithstanding the COVID-19-induced global slowdown, ASEAN remains a dynamic region. With a combined GDP of US$3.2 billion in 2019, ASEAN represented the fifth-largest economy in the world. As the central player of the RCEP Agreement, ASEAN offers global businesses to tap into the largest free trade agreement in the world. With 15 signatories, RCEP represents a market of 2.2 billion people and a combined GDP of US$26.2 billion,” said Tan Sri Dr. Munir.

He added, “On the other side of the equation, many of us may not realise that Italy is well above the EU average in the production and use of industrial robots and adoption of Industry 4.0 technologies such as the cloud, IoT and M2M (machine to machine) communications. It is the second largest manufacturer in the EU, after Germany. Its strong industrial base and awareness of digitalisation are something which ASEAN countries would want to be engaged with.”

Italy remains committed to Malaysia as a trading and investment partner
H.E. Cristiano Maggipinto stressed that Italy has pursued a strategy to strengthen relations with ASEAN. The commitment was also conveyed through the 53rd Session of the ASEAN Ministers of Foreign Affairs Summit, in which Italy’s candidacy as Development Partner of the Association was unanimously approved.

“This important outcome institutionalised our growing political, economic and social ties, giving us a prominent role in Southeast Asia. In this framework, Italy has given new depth to the relations with Malaysia, which represents one of the most relevant nation in ASEAN and offers a number of benefits that are not easily found in the region,” stated Ambassador Maggipinto.

He points out that despite the COVID-19 pandemic, bilateral trade between Italy and Malaysia in the first seven months of 2020 remained at similar level to 2019. Italian companies in Malaysia are operating in a wide range of sectors including oil and gas, defence and aerospace, construction, automotive, and chemicals.

Government undertaking major initiatives to drive investments into Malaysia
Dato’ Azman Mahmud shared that Malaysia continues to be a competitive investment destination despite the global uncertainties, with US$26.4 billion worth of approved investments in the overall economy in the first nine months of 2020. In fact Investments approved in the manufacturing sector for the period of January to September 2020 saw an increase of 16.6% in capital investments compared to the corresponding period in 2019; with FDI recording an increase of 3.2%. The Malaysian government is undertaking additional initiatives to drive foreign investments, such as easing operating of businesses through digitalising selected government services, providing new tax incentives for the pharmaceutical and services sectors, as well as implementing a One Stop Centre (OSC) to facilitate the entry of business travellers into the country.

“Malaysia’s economic structure and the solid macroeconomic management continue to support the country’s economic fundamentals as we advance into the new normal. As we move towards strategic diversification, particularly in high-value products and high-end services, the country offers vast opportunities for Italian investments in high-quality machinery and equipment, aerospace, green technology, automotive technologies, and industrial design. MIDA is optimistic that more quality investment will be coming to Malaysia in the coming years,” said Dato’ Azman Mahmud.

Dato’ Azman also urged Malaysia’s private sector to leverage upon Italian technological expertise to help facilitate Malaysia’s digital economy, which is expected to grow by 21% between 2020 and 2025, reaching an estimated US$30 billion gross merchandise value (GMV) by 2025.

For more information, please contact:

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid
Director of Foreign Investment Promotion Division Division, MIDA
Email: [email protected]
DL: +603 2267 6633

Mr. Jukhee Hong Executive
Director CIMB ASEAN Research Institute (CARI)
Email: [email protected]

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 and YouTube channel.

About CARI
CIMB ASEAN Research Institute (CARI) was established in 2011 by CIMB Group. CARI is the first independent, transnational research institute dedicated solely to the advancement and acceleration of ASEAN integration.

ASEAN as an Investment Hub: Italian Businesses Eye Malaysia as the Gateway to Opportunities Arising Regional Comprehensive Economic Partnership (RCEP)

SABAH, 26 JANUARY 2021 – SK Nexilis, a copper foil producer for electric vehicle (EV) battery manufacturer SKC, has announced its first overseas production base to be in KKIP Industrial Complex, Kota Kinabalu, Sabah, Malaysia.

With proposed investments of approximately South Korean Won (KRW) 650 billion (RM2.3 billion), the Company looks to construct a copper foil manufacturing facility with an annual production capacity of 50,000 tons.

The facility’s construction will tentatively begin in the first half of 2021 and commercial operations to kickstart by 2023. Once in operations, the new facility will increase SK Nexilis’ copper foil production capacity by three times its current global capacity to about 100,000 tons.

SK Nexilis boasts of as world No.1 technology in manufacturing copper foil for batteries. The Company has an industry reputation for building among the best copper foil factories.

YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI) welcomed the Company’s announcement, “The Government is pleased that a subsidiary of a Fortune 500 company has chosen Malaysia as its first overseas investment location. This is one of the many success stories where MIDA has facilitated to bring quality investments into the country. As a global leader in thin-tech innovation for copper foil manufacturing, we believe SK Nexilis’ presence will attract more investors to complete Malaysia’s EV battery manufacturing supply chain network, making us a hub for high precision and high quality copper foil for niche applications.”

“Indeed, this investment will also boost Malaysia’s talent network and capabilities through initiatives with domestic universities and technical institutes. Despite the ongoing pandemic, MIDA continues to draw high technology investment such as these into the country to provide tangible opportunities for innovation and local supply chain development. This is value creation which will boost our local industry’s ecosystem and competitiveness,” added Dato’ Seri Azmin.

The Company has already improved productivity by enhancing its fourth (4th) factory facility in the Korea, which began its commercial operation this year, by strategically including wireless vehicles and robots. SK Nexilis looks to upgrade further its fifth (5th) and sixth (6th) factories in Korea as well. It will introduce state-of-the-art automation in its Malaysian facility, by integrating the world’s best technology and its know-how from enhancements made to its factories in South Korea; building the world’s best copper foil production facilities in Malaysia.

Notably, the proposed facility in Malaysia will also fully implement the RE100 initiative, an initiative towards committing to 100 per cent renewable electricity, for the first time in the industry. This move is part of the Company’s proactive response to requests from major global customers who want to increase the proportion of RE100 materials within their supply chain.

Six (6) of SK Group companies, including SK Nexilis’ parent company, SKC, are currently promoting RE100; the Group was the first member of RE100 initiative in Korea. Hence, this facilities’ RE100 undertaking will further strengthen its Environmental, Social, and Corporate Governance (ESG) Management.

In particular, Malaysia’s KKIP Industrial Complex, became the apparent choice for SK Nexilis’ investment in the region given its advantage in terms of power supply, which is key to copper foil manufacturing. Malaysia provides the most stable and competitively priced electricity supply among its Southeast Asian counterpart. The selected site also has excellent infrastructure such as gas and water and high accessibility to ports and large international airports which are required for exports.

SK Nexilis is also considering further investments in Malaysia, Europe and the United States to quickly respond to the rapidly growing EV market. According to SNE Research, the EV market will increase by 41 per cent annually and the battery market by 38 per cent by 2025.

An official from SK Nexilis shared, “We will be able to respond more quickly to customer requests by establishing a production facility in Malaysia with the best technology to produce the world’s thinnest copper foil for secondary batteries. This facility will also have the technological capabilities to produce various specialised products as per our customers’ requests.”

He added, “By entering Malaysia, SK Nexilis will secure cost competitiveness and reinforce our ESG management such as implementing RE100, while accelerating global expansion with additional investments. This will solidify our position as the global No. 1 copper foil manufacturer.”

SK Nexilis is currently in the midst of submitting their application for Manufacturing Licence to MIDA.

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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 and YouTube channel.

About SK Nexilis
SK Nexilis is a global No.1 company in producing Copper foil for batteries, a core material for lithium-ion batteries, and supplies its products to major EV and battery companies around the world. Established in Jeong-eup, South Korea in 1996, SK Nexilis is running its business as a member of SK Group after several mergers and acquisitions. For more information, please visit www.sknexilis.co.kr

For more information, please contact:

Mr. Jeyasigan Narayanan Nair
Executive Director
Machinery and Metals Division, MIDA
Email: [email protected]
DL: +603-2267 6711

Ms. Jiwon Ahn
Manager
Communication Team, SKC
Email : [email protected]

SK Nexilis Announces Its First Overseas Investment in Malaysia

26th January 2021, Kuala Lumpur – The Ministry of Environment and Water (KASA) today announced impressive gains from the successful 11th International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM 2020), the first virtual edition held in October 2020; solidifying IGEM’s role as South East Asia’s most powerful green technology, business and innovation platform.

Themed “Energising Sustainability”, IGEM 2020 delivered beyond two-fold of target business leads of RM1.6 billion; achieving a pipeline of RM3.4 billion investment interest. These leads have been computed from the RM3.08 billion potential investments from 64 projects recorded by the Malaysian Investment Development Authority (MIDA) and RM339 million in potential exports recorded by the Malaysia External Trade Development Corporation (MATRADE), during MATRADE’s International Sourcing Program (INSP).

The IGEM 2020 Virtual platform which featured 161 exhibitors registered more than 15,000 visitations from 79 countries and clocked up to 10,000 participants engaging in the 55 conference sessions and 77 pocket talks, throughout the event from 19-23 Oct 2020.

Yang Berhormat Dato’ Sri Tuan Ibrahim Tuan Man, Minister of Environment and Water said, “It is indeed a commendable feat that IGEM 2020 has surpassed its targets, despite being held virtually for the very first time and against a backdrop of global economic uncertainty. This reinforces KASA’s commitment to expand drive and growth of the green technology sector as an important engine in developing Malaysia’s economy.”

“As we continue to recover and build, I urge budding green entrepreneurs and key industry leaders to explore how we can work together and further build partnerships for a greener and sustainable economy in the year 2021,” he added.

Given the success of virtual IGEM 2020, the Minister announced that IGEM 2021 will take on a virtual platform again and offers sponsors, exhibitors, participants, as well as all other stakeholders’ greater visibility, flexibility, and opportunities to work with the Ministry in catalysing growth in the national, regional and global green economy. IGEM 2021 may run over a period of 6 months to create more value and opportunities to its exhibitors and visitors.

Targeting RM2 billion in business leads with 200 exhibitor booths and over 10,000 visitors from 20 countries this year, IGEM 2021 will also see the reaffirmation of investment strategic partner, MIDA and business-matching partner, MATRADE to organise the much-in-demand business matching sessions for the twelfth consecutive year.

Dato’ Azman Mahmud, Chief Executive Officer of MIDA said, “We are indeed proud that the targeted RM1.6 billion business leads for IGEM 2020 have been reinforced with new projection of RM3.08 billion investment in Renewable Energy (RE), Energy Efficiency (EE), Solar Leasing, Integrated Waste Management, Green Building and manufacturing sectors. The Renewable Energy segment for waste management has gained highest investment leads of RM1.75 billion (57%), followed by RM814 million (26%) interest in Renewable Energy for mini hydro.”

“Starting from 2016 until September 2020, MIDA has also approved 1,317 green technology projects with investments amounting to RM18.55 billion, as well as 63 specialised green service companies with a total proposed operational expenditure of RM318.51 million, under the incentives of Green Technology. This exuberant indicator points to potentially stronger investment flows in the areas of green technology within our country.” he added.

IGEM 2021 Virtual will be co-organised by the Malaysian Green Technology and Climate Change Centre (MGTC), the lead agency for KASA in charge of developing and implementing new programmes on green growth, climate change mitigation and climate change adaptation; in line with the nation’s green agenda.

Shamsul Bahar Mohd Nor, Chief Executive Officer of MGTC added, “With another triumphant year for IGEM, we look forward to IGEM 2021, which will be held on a bigger scale through the hosting of international exhibitors, regional delegates, industry and thought leaders physically here in Malaysia, as well as reaching out globally to the larger community of international green entrepreneurs via the virtual platform.”

“From our experience in co-organising IGEMs and as demonstrated by the results announced today, the green economy continues to thrive both in Malaysia and globally. In view of the countless possibilities yet to be unearthed within the sector, I think it is truly very exciting to witness how green economy will shape a more environmentally sustainable and economically stable Malaysia in the coming years,” he concluded.

IGEM 2021 Virtual will kick-off on 1st July 2021 till 31st Dec 2021. For further details, please visit www.igem.my.

About Malaysian Green Technology and Climate Change Centre (MGTC)

Formerly known as Pusat Tenaga Malaysia (PTM), Malaysian Green Technology Corporation (MGTC) was restructured in April 2010 and was under the purview of the Ministry of Energy, Green Technology and Water (KeTTHA) until 2018. Assuming the role of the country’s lead agency, MGTC focuses on catalysing the green technology agenda in line with the aspirations of the National Green Technology Policy 2009.

MGTC was under the purview of the Ministry of Energy, Science, Technology, Environment & Climate Change (MESTECC) from 2018 until early 2020. MGTC is currently helmed by the Ministry of Environment and Water (KASA) and now known as the Malaysian Green Technology and Climate Change Centre. MGTC develops and implements programmes on green growth, climate change mitigation and climate change adaptation.About Malaysian Investment Development Authority (MIDA)

MIDA is the government’s principal promotion 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 and Facebook.

For more information, please contact:

MIDA
Ms. Wan Hashimah Wan Salleh
Director, Green Technology Division
Email: [email protected]
Telephone: 03 – 2267 3540

MGTC
Zaid Karim Shaari
Director, Green Promotion
Malaysian Green Technology and Climate Change Centre
Email: [email protected]
Mobile: 012 – 2977625

For media enquiries:
Intan Syazwani Isa
Head, Corporate Communication
Malaysian Green Technology and Climate Change Centre
Email: [email protected]
Mobile: 012 – 7023110

Virtual IGEM 2020 Garnered RM 3.4 Billion Business Leads