KUALA LUMPUR, June 4 — The electrical and electronics (E&E) industry in Southeast Asia is witnessing a substantial increase in investment opportunities, bolstered by rapid technological advancements and a strong economic environment. Malaysia, in particular, has emerged as a leading destination for investors aiming to tap into the booming E&E sector in the region. In 2023, Malaysia’s manufacturing sector attracted RM152 billion in approved investments, with the E&E industry receiving RM85.4 billion of this total.
As the sixth-largest semiconductor exporter globally, Malaysia is crucial to the global E&E supply chain, accounting for 7% of the global semiconductor trade and 13% of global chip assembly, testing, and packaging activities. SEMICON Southeast Asia 2024 will feature the INVEST@Southeast Asia Pavilion, a platform for investment agencies to connect with potential investors interested in Malaysia. The Malaysian Investment Development Authority (MIDA) and Invest Selangor will showcase Malaysia’s investment opportunities, emphasizing the country’s investor-friendly policies, established infrastructure, and skilled workforce.
MIDA CEO Sikh Shamsul Ibrahim Sikh Abdul Majid and Invest Selangor CEO Dato Hasan highlighted Malaysia’s and Selangor’s strategic advantages and commitment to supporting advanced technologies and sustainable processes. SEMICON Southeast Asia 2024 will take place from May 28 to 30, 2024, at MITEC, Kuala Lumpur, offering industry leaders and stakeholders a venue to explore the latest trends and opportunities in the electronics industry.
