KUALA LUMPUR: Malaysia is well positioned to be a primary destination for smart manufacturing and high technology activities by leveraging on its strong manufacturing foundation.
Deputy International Trade and Industry Minister Dr. Ong Kian Ming said a strong manufacturing sector would pave way to enhance productivity, job creation, innovation capacity, high-skilled talent development and economic and societal well-being.
“The evolving global manufacturing landscape calls for firms to re-evaluate their current approaches and strategies to remain relevant and competitive.
“Today’s manufacturing processes have developed and evolved to focus on other core capabilities such as design and product development as well as supply chain management,” he was speaking at the opening ceremony of the SemiCon Southeast Asia 2019, here, today.
Dr. Ong said the electrical and electronic (E&E) sector continues to be the driver of high technology, contributing to the nation’s gross domestic product.
“In 2018, E&E exports represented 38 per cent of Malaysia’s total exports, the only sector recorded a trade surplus for 10th consecutive years,” he added.
He said the growth of the E&E sector would continue to spearhead and dominate the country’s export earnings as global demand in electronics content is driven by advancement in technology and the Fourth Industrial Revolution.
“With good support from industry partners to complement the policy makers, changes can be made to accommodate and predict precisely how this transformation will impact different industries and countries,” he said.
SemiCon chief executive officer Ajit Manocha said the exhibition underscores the significance of the E&E segment’s economic contribution to Malaysia.
“The showcase aims to bridge Malaysia’s three important electronics clusters, while serving as a central connection point to the rest of Southeast Asia’s electronics manufacturing supply chain,” he said.
Ajit added that rapid proliferation of digital technology across a multitude of applications market, Southeast Asia electronics manufacturing would continue to expand its semiconductor market share.
At the SemiCon event, Malaysian Investment Development Authority will have 16 companies at the Malaysia pavilion, representing various activities and products in the electronics value chain and ecosystem.
SemiCon Southeast Asia 2019 highlights also include the supplier search programme, World of IoT fund pitching and business-matching sessions, industry VIP networking, and the Southeast Asia Investment Forum.