Latest news with #MalaysiaInvestmentDevelopmentAuthority
The Sun
21-05-2025
- Business
- The Sun
MIDA introduces two programmes at SEMICON SEA 2025 to boost international partnerships
KUALA LUMPUR: Malaysia Investment Development Authority (MIDA) introduced two strategic programmes at SEMICON South East Asia (SEA) 2025 to accelerate industry growth and foster international partnerships. According to MIDA, the two strategic programmes, namely the Supply Chain Programme and Handshake Session, emerged as cornerstone events, including participation from industry giants such as Micron Technology Inc., ASML Holding NV and Ferrotec Holdings Corporation. It said the sessions created direct pathways for Malaysian suppliers to integrate into global supply chains, targeting high-value semiconductor activities -- positioning Malaysia as a key player in the international market. Last year, Malaysia secured RM120.5 billion of manufacturing investments, with RM55.8 billion dedicated to the electrical and electronics (E&E) sector, creating 88,000 new high-skilled jobs that signal robust growth in the technology sector. MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the success in attracting investments demonstrates global confidence in Malaysia's semiconductor ecosystem. 'This isn't just about numbers – it's about building a sustainable future. Our National Semiconductor Strategy (NSS) is transforming Malaysia into a comprehensive semiconductor hub, from design and manufacturing to testing and packaging. 'We're seeing interest from global players who recognise our unique value proposition, a skilled workforce, robust infrastructure, and unwavering government support,' he said in a statement today. Additionally, Sikh Shamsul said MIDA's Supply Chain Programme and Handshake Session are prime examples of how Malaysia facilitate meaningful connections and drives industry growth. At the Supply Change Programme, Malaysian participants are offered valuable knowledge about global standards and integration opportunities, while the Handshake Session facilitates direct discussions between international leaders and local stakeholders. The engagement with industry leaders at SEMICON SEA 2025 is part of the national push under the NSS, which is the strategic roadmap to advance critical segments of the semiconductor value chain, including chip design, wafer fabrication, advanced packaging and speciality chemicals. The NSS reflects Malaysia's ambition to transition from a traditional manufacturing base into a regional hub for innovation, co-creation, and semiconductor excellence. SEMICON SEA 2025 runs from May 20 to 22, 2025, at the Sands Expo and Convention Centre, Singapore, under the theme 'Stronger Together – Collaborating to Navigate Uncertainties and Fostering Resilience'.
The Sun
21-05-2025
- Business
- The Sun
MIDA unveils programmes to strengthen semiconductor sector
KUALA LUMPUR: Malaysia Investment Development Authority (MIDA) introduced two strategic programmes at SEMICON South East Asia (SEA) 2025 to accelerate industry growth and foster international partnerships. According to MIDA, the two strategic programmes, namely the Supply Chain Programme and Handshake Session, emerged as cornerstone events, including participation from industry giants such as Micron Technology Inc., ASML Holding NV and Ferrotec Holdings Corporation. It said the sessions created direct pathways for Malaysian suppliers to integrate into global supply chains, targeting high-value semiconductor activities -- positioning Malaysia as a key player in the international market. Last year, Malaysia secured RM120.5 billion of manufacturing investments, with RM55.8 billion dedicated to the electrical and electronics (E&E) sector, creating 88,000 new high-skilled jobs that signal robust growth in the technology sector. MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the success in attracting investments demonstrates global confidence in Malaysia's semiconductor ecosystem. 'This isn't just about numbers – it's about building a sustainable future. Our National Semiconductor Strategy (NSS) is transforming Malaysia into a comprehensive semiconductor hub, from design and manufacturing to testing and packaging. 'We're seeing interest from global players who recognise our unique value proposition, a skilled workforce, robust infrastructure, and unwavering government support,' he said in a statement today. Additionally, Sikh Shamsul said MIDA's Supply Chain Programme and Handshake Session are prime examples of how Malaysia facilitate meaningful connections and drives industry growth. At the Supply Change Programme, Malaysian participants are offered valuable knowledge about global standards and integration opportunities, while the Handshake Session facilitates direct discussions between international leaders and local stakeholders. The engagement with industry leaders at SEMICON SEA 2025 is part of the national push under the NSS, which is the strategic roadmap to advance critical segments of the semiconductor value chain, including chip design, wafer fabrication, advanced packaging and speciality chemicals. The NSS reflects Malaysia's ambition to transition from a traditional manufacturing base into a regional hub for innovation, co-creation, and semiconductor excellence. SEMICON SEA 2025 runs from May 20 to 22, 2025, at the Sands Expo and Convention Centre, Singapore, under the theme 'Stronger Together – Collaborating to Navigate Uncertainties and Fostering Resilience'.
Barnama
21-05-2025
- Business
- Barnama
MIDA Introduces Two Programmes At SEMICON SEA 2025 To Boost International Partnerships
KUALA LUMPUR, May 21 (Bernama) -- Malaysia Investment Development Authority (MIDA) introduced two strategic programmes at SEMICON South East Asia (SEA) 2025 to accelerate industry growth and foster international partnerships. According to MIDA, the two strategic programmes, namely the Supply Chain Programme and Handshake Session, emerged as cornerstone events, including participation from industry giants such as Micron Technology Inc., ASML Holding NV and Ferrotec Holdings Corporation. It said the sessions created direct pathways for Malaysian suppliers to integrate into global supply chains, targeting high-value semiconductor activities -- positioning Malaysia as a key player in the international market. Last year, Malaysia secured RM120.5 billion of manufacturing investments, with RM55.8 billion dedicated to the electrical and electronics (E&E) sector, creating 88,000 new high-skilled jobs that signal robust growth in the technology sector. MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the success in attracting investments demonstrates global confidence in Malaysia's semiconductor ecosystem. "This isn't just about numbers – it's about building a sustainable future. Our National Semiconductor Strategy (NSS) is transforming Malaysia into a comprehensive semiconductor hub, from design and manufacturing to testing and packaging. "We're seeing interest from global players who recognise our unique value proposition, a skilled workforce, robust infrastructure, and unwavering government support," he said in a statement today. Additionally, Sikh Shamsul said MIDA's Supply Chain Programme and Handshake Session are prime examples of how Malaysia facilitate meaningful connections and drives industry growth. At the Supply Change Programme, Malaysian participants are offered valuable knowledge about global standards and integration opportunities, while the Handshake Session facilitates direct discussions between international leaders and local stakeholders.
South China Morning Post
27-03-2025
- Business
- South China Morning Post
Singapore-Johor Special Economic Zone dangles more investor perks
Companies in the Johor-Singapore Special Economic Zone (JS-SEZ) that can significantly boost Malaysia's economy stand to receive benefits on top of standard tax breaks, such as talent incentives and exemptions on import duties, according to an investment official. Advertisement Investors in the special zone, which covers 3,571 sq km (1,379 square miles), or nearly five times Singapore's land area, can already enjoy special tax rates of 5 per cent for up to 15 years on new manufacturing funds above 1 billion ringgit (US$226 million). Speaking to the media on the sidelines of the Korea-Asean Business Forum in Seoul on Wednesday, Ruhizam Idris, director of the Malaysia Investment Development Authority, Seoul, said that depending on the project, companies could receive additional customised benefits. The authority will ask investors for a 'wish list', according to Ruhizam. 'It's not only in the form of income tax exemption, but the incentive might be in the form of talent, maybe in terms of exemption on import duty for the component and raw materials. 'We are looking at how strategic the project [is] to Malaysia, we are looking at the spillover effect. How big is the spin-off effect of that project to Malaysia; the creation of employment, creating business [opportunities] for local Malaysian companies,' said Ruhizam. Two of the industrial parks located in the Johor-Singapore Special Economic Zone. Photo: Jean Iau After years-long delays, Malaysian Prime Minister Anwar Ibrahim and his Singaporean counterpart, Lawrence Wong, in January formally agreed to develop the JS-SEZ, aimed at developing industries such as aerospace, medical devices, pharmaceuticals, chemicals and electronics.
