Latest news with #MaiStorage
The Star
23-05-2025
- Business
- The Star
Riding the semiconductor surge
Making it official: Anwar signing a commemorative plaque during the launch of a Madani Rakyat youth event in Johor Baru. — Bernama PM: Youth must be at forefront as tech giants ramp up investments JOHOR BARU: Youth must fully seize opportunities arising from the rapid growth of the semiconductor industry, which is now attracting the attention of major global corporations, says Datuk Seri Anwar Ibrahim. The Prime Minister said Malaysia has emerged as a key semiconductor hub in the region, not only in the lower segments of the supply chain but also as a preferred destination for top-tier foreign investors. He pointed to the latest success in drawing investments from three corporate giants – Infineon in Kedah, Nvidia in Johor and MaiStorage in Cyberjaya. 'These are not lower- or back-end jobs being done here. This will help propel the country to be great in this region. 'Our young people must take full advantage of this momentum to benefit from these developments and help elevate Malaysia as a leading nation in the region,' he said when launching a Madani Rakyat youth event yesterday. Anwar said the nation's youths, particularly those involved in engineering, information technology, and Technical and Vocational Education and Training (TVET), must capitalise on the positive momentum in the semiconductor industry. He revealed that Malaysia is among only five countries capable of producing chips developed by MaiStorage, a significant achievement shared with advanced economies such as the United States, China and Taiwan. 'This milestone would not have been possible without the dedication of our young talent. Students pursuing engineering and TVET must continue working hard to enhance the nation's capabilities,' he said. The Prime Minister said the country would continue to prosper only when it remains stable, adding that disunity could weaken the country and progress could be undermined if divisions are allowed to fester. He urged the youth to stand united and reject any form of hatred and leaders who only want to enrich themselves. 'What is the meaning of development if we have traits like violence, greed and hatred for each other?' he asked. Anwar also said that nation-building efforts should not be limited to physical development alone, but must also focus on nurturing individuals who embody strong humanitarian values. He said the concept of Malaysia Madani calls upon the people, especially youths, to grasp the true meaning of human development, which encompasses noble traits such as compassion, moderation and mutual understanding among different races and religions. 'We want to develop individuals who possess certain elements, characteristics, values and capabilities. Youths must set a good example of how this nation can be united,' he added.
The Sun
23-05-2025
- Business
- The Sun
Tap opportunities in booming semiconductor industry, PM tells youths
JOHOR BAHRU: Prime Minister Datuk Seri Anwar Ibrahim has called on youths to fully seize the opportunities arising from the rapid growth of the semiconductor industry in the country, which is now attracting the attention of major global corporations. He said Malaysia has emerged as a key semiconductor hub in the region, not only in the lower segments of the supply chain but also as a preferred destination for top-tier foreign investors. 'As I mentioned earlier, Malaysia is now a semiconductor hub in this region, not just at the back-end or lower-end stages. Major companies such as Infineon in Kedah, NVIDIA in Johor, and just yesterday, MaiStorage in Cyberjaya have chosen to operate here. 'Just imagine, three global semiconductor giants are already established in Malaysia. Our young people must take full advantage of this momentum to benefit from these developments and help elevate Malaysia as a leading nation in the region,' he said. The Prime Minister was speaking at the Johor 2025 MADANI Rakyat Programme (PMR) launch at Toppen Shopping Centre here today, which was also attended by Youth and Sports Minister Hannah Yeoh, who is the lead minister for the programme, Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar and Johor Menteri Besar Datuk Onn Hafiz Ghazi. In line with this, Anwar stressed that the nation's youths, particularly those involved in engineering, information technology, and Technical and Vocational Education and Training (TVET), must capitalise on the positive momentum in the semiconductor industry. He revealed that Malaysia is among only five countries capable of producing chips developed by MaiStorage, a significant achievement shared with advanced economies such as the United States, China and Taiwan. 'This milestone would not have been possible without the dedication of our young talent. Students pursuing engineering and TVET must continue working hard to enhance the nation's capabilities,' he said. Anwar also reiterated the importance of maintaining national stability and unity, noting that the progress achieved could be undermined if racial, religious or self-serving political divisions are allowed to fester. 'We must eliminate elements that weaken the nation. Only then can we realise the true meaning of independence for our people and our country, when we are able to manage our own interests independently,' he added. The MADANI Rakyat 2025 Johor programme, themed 'Belia MADANI, Yakin Boleh!' (MADANI Youth, Yes We Can!), features a wide array of activities, including exhibition booths, interactive sessions with government agencies, TVET showcases, a career carnival and MADANI sales. Johor is the second stop of the PMR 2025 national roadshow following Sabah (held from May 9 to 11), with upcoming locations including Lumut (Perak), Kuala Terengganu (Terengganu), Kota Lama (Kelantan), Nilai (Negeri Sembilan), Baling (Kedah), Jasin (Melaka) and Bintulu (Sarawak). The Johor leg of PMR 2025 is also held in conjunction with the National Youth Day state-level celebrations, serving as a dual-purpose platform that unites youth voices and potential with the direct delivery of government services to the people.
The Sun
23-05-2025
- Business
- The Sun
Youths urged to tap booming semiconductor industry
JOHOR BAHRU: Prime Minister Datuk Seri Anwar Ibrahim has called on youths to fully seize the opportunities arising from the rapid growth of the semiconductor industry in the country, which is now attracting the attention of major global corporations. He said Malaysia has emerged as a key semiconductor hub in the region, not only in the lower segments of the supply chain but also as a preferred destination for top-tier foreign investors. 'As I mentioned earlier, Malaysia is now a semiconductor hub in this region, not just at the back-end or lower-end stages. Major companies such as Infineon in Kedah, NVIDIA in Johor, and just yesterday, MaiStorage in Cyberjaya have chosen to operate here. 'Just imagine, three global semiconductor giants are already established in Malaysia. Our young people must take full advantage of this momentum to benefit from these developments and help elevate Malaysia as a leading nation in the region,' he said. The Prime Minister was speaking at the Johor 2025 MADANI Rakyat Programme (PMR) launch at Toppen Shopping Centre here today, which was also attended by Youth and Sports Minister Hannah Yeoh, who is the lead minister for the programme, Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar and Johor Menteri Besar Datuk Onn Hafiz Ghazi. In line with this, Anwar stressed that the nation's youths, particularly those involved in engineering, information technology, and Technical and Vocational Education and Training (TVET), must capitalise on the positive momentum in the semiconductor industry. He revealed that Malaysia is among only five countries capable of producing chips developed by MaiStorage, a significant achievement shared with advanced economies such as the United States, China and Taiwan. 'This milestone would not have been possible without the dedication of our young talent. Students pursuing engineering and TVET must continue working hard to enhance the nation's capabilities,' he said. Anwar also reiterated the importance of maintaining national stability and unity, noting that the progress achieved could be undermined if racial, religious or self-serving political divisions are allowed to fester. 'We must eliminate elements that weaken the nation. Only then can we realise the true meaning of independence for our people and our country, when we are able to manage our own interests independently,' he added. The MADANI Rakyat 2025 Johor programme, themed 'Belia MADANI, Yakin Boleh!' (MADANI Youth, Yes We Can!), features a wide array of activities, including exhibition booths, interactive sessions with government agencies, TVET showcases, a career carnival and MADANI sales. Johor is the second stop of the PMR 2025 national roadshow following Sabah (held from May 9 to 11), with upcoming locations including Lumut (Perak), Kuala Terengganu (Terengganu), Kota Lama (Kelantan), Nilai (Negeri Sembilan), Baling (Kedah), Jasin (Melaka) and Bintulu (Sarawak). The Johor leg of PMR 2025 is also held in conjunction with the National Youth Day state-level celebrations, serving as a dual-purpose platform that unites youth voices and potential with the direct delivery of government services to the people.
The Sun
22-05-2025
- Business
- The Sun
Phison's newly launched MaiStorage Technology eyes IPO in 2028
PUTRAJAYA: Phison Electronics Corporation's newly launched subsidiary MaiStorage Technology Sdn Bhd is eyeing an initial public offering (IPO) in 2028 to support expansion and to retain talent. Founder and group CEO Datuk Pua Khein Seng said the capital it raises from the IPO will be used to build the company's own research and development (R&D) centre. 'We are currently renting an office from the Selangor state government, which can accommodate about 200 to 250 people. As we continue to grow, we'll need to secure land and construct a custom-built R&D facility. That's what the IPO capital will mainly fund,' he said at a press conference after the official launch of MaiStorage Technology by Prime Minister Datuk Seri Anwar Ibrahim today. MaiStorage plans to build and expand its integrated circuit (IC) design team focused on NAND flash controller chip design – a critical component of modern storage and computing systems. Pua said since starting operations in August 2024, the Phison-backed company has trained 60 local IC design engineers and is on track to train 175 by 2026. 'We are working very closely with TalentCorp to train another 150 engineers over the next three years,' he added. He stressed that these are real, capable IC design engineers, not factory operators. 'So how do we retain engineers? The only way is through an IPO. That's what I've learned from Taiwan's Hsinchu Science Park, as well as from Shenzhen, Shanghai, and Beijing,' Pua said. 'That's why we've launched a three-year programme to take MaiStorage public on the Malaysian stock exchange by 2028.' However, Pua said the business operates with internal capital from 'cash rich' Phison and is not dependent on external fundraising for growth. 'By the end of CQ1, overall the company, our investment was RM100 million. Now the net value is over RM100 million. So we earn like around RM4 million already.' Furthermore, the company aims to position Malaysia as a technology hub in Asia. 'We have a partner from Thailand coming in to work with us on licensing and transferring our AI technology to Thailand. Every government wants on-premises AI. Cloud is good, but it's expensive and compromises data privacy,' Pua said. He added that there is also a knowledge gap. 'We brought in the technology, trained the trainers here, and now they are building their own ecosystem to train students and IT managers.' Pua sees this training-and-ecosystem model as a replicable export. 'This model will first be exported to Thailand, and hopefully, we can expand it to the Middle East as well.' MaiStorage is an IC design and storage technology provider that caters to the data centre, AI applications and the automotive industries in Malaysia. It offers SSD solutions and aiDAPTIV+ AI LLM training and fine-tuning platform on-premises to enhance performance, security, and AI-driven innovations for customers.
The Sun
22-05-2025
- Business
- The Sun
Malaysia will continue to support regional digital development and AI
PUTRAJAYA: Malaysia, as the chairman of ASEAN 2025, will continue to support the development of digitalisation and artificial intelligence in the region, said Prime Minister Datuk Seri Anwar Ibrahim. He said Malaysia, together with ASEAN, should be more competitive in the digital hub sector, with Malaysia having gained a competitive reputation through political stability and clarity in its policies. 'The thrust of our ASEAN chairmanship has been for energy transition, and we have been quite successful with Vietnam and Singapore on this power grid. But the focus, the thrust of our chairmanship, has been digital transformation 'And this will lead to what we will be addressing this weekend when we meet ASEAN leaders, then together, with the Gulf Cooperation Council (GCC) and also China,' he said in his speech at the MaiStorage Technology official launch here today. Also present was Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz, Transport Minister Anthony Loke Siew Fook and MaiStorage founder and group chief executive officer Datuk Pua Khein Seng. Anwar said the role played by government agencies such as MITI, TalentCorp, and the Selangor state government in supporting MaiStorage has brought success not only to the company but also to the country. 'I remember we (he and Pua) met early last year and in August (last year), decided to enter, and in October operations started, and today we see the results, including its profits. To ensure greater progress, there are several challenging sectors we must explore, and we are fortunate because a local talent (Pua) has already ventured around the world and built a globally successful industry, the Phison Group,' he added. MaiStorage, which is part of the Phison Group - a supplier of NAND flash controllers and storage solutions co-founded by Pua - is a technology provider specializing in integrated circuit (IC) design and storage, focusing on data centres, AI applications, and the automotive industry in Malaysia. In addition, Anwar emphasised the importance of effective policy implementation and good governance to ensure sustainable outcomes. 'Our biggest challenge is effective implementation. That's why my team and I focus early on governance issues. With discipline, clear policies, and a transparent, corruption-free execution, we can make Malaysia a premier destination for investment in AI and digital fields,' he said.
