Intel, MIDA aim to work together to boost talent development
09 Dec 2021
World’s largest chip maker Intel Corporation, through local subsidiary Intel Malaysia Sdn Bhd, has signed a memorandum of understanding (MoU) with the Malaysian Investment Development Authority (MIDA) to enhance talent development within the country’s electrical and electronics (E&E) industry.
The Ministry of International Trade and Industry (MITI) said the scope of the MoU will include human capital development for the future workforce, research and development collaborations, expansion of local sourcing, driving the adoption of Industry 4.0 by E&E ecosystem players, and the deployment of Intel Digital Readiness Programme.
“The MoU is a framework to facilitate the cultivation of a thriving tech talent ecosystem and ultimately prepare Malaysia’s workforce for an increasingly digital and artificial intelligence world,” MITI said in a statement today.
MIDA is an agency under the ministry.
MITI said the strategic collaboration will explore the development of long-term research and talent development programmes between Intel and selected Malaysian institutes of higher learning in building sustainable, competitive talent pools.
“The MoU aims to improve graduate marketability through greater academia and industry collaborations, effectively preparing graduates to meet industry needs,” it said.
Signifying this partnership, both Intel and MIDA will continue to work together on state-of-the-art technology research and development collaborations to support the development of the E&E ecosystem in Malaysia.
MITI said the adoption of Industry 4.0 in the field of smart manufacturing is also emphasised in the MoU as well as increasing digitalisation activities through the deployment of Intel Digital Readiness Programme in support of Malaysia’s Digital Economy Blueprint.
“In line with the Malaysian government’s aspirations of preparing the nation and its youths for the future, this collaboration is timely in supporting the 12th Malaysia Plan to advance the digital economy and to capitalise on emerging technologies.
“The partnership will also further solidify the country’s aim to reinvigorate the national agenda in enhancing long-term national competitiveness as formulated in the National Investment Aspirations,” it said.
MITI said the government will continue its efforts to encourage more public-private partnerships that provide tangible solutions for the industry needs, while raising economic impacts in technology transfer and knowledge content, new export leads and spin-off effects across industries.