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

 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 9th 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).

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About MIDA

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


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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.

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About MIDA

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


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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


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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.

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About MIDA

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


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