Foreign Investors Convinced by Malaysian E&E Sector: Azmin

Datuk Seri Mohamed Azmin Ali, Minister of International Trade and Industry, said that foreign investors remain convinced by Malaysia’s thriving and vibrant electrical and electronic products (E&E) ecosystem that has enabled much technology creation in the country to produce indispensable, complex and high-tech products.

He emphasized the fact by saying that, “this is reflected in the newly-formed technological collaboration between Silterra Malaysia Sdn Bhd and Istanbul-based Tuyar Mikroelektronic in the semiconductor industry.”

“This will benefit not only Silterra but other E&E players in Malaysia as well,” he added.

“Malaysia will now able to export our technical know-how and manufacturing expertise to assist Turkiye,” the minister was quoted as saying this on Twitter.

The minister accompanied the prime minister at a meeting with Silterra chairman Tan Sri Syed Zainal Abidin and Tuyar chairman Prof Sezai Elagoz that was held this morning.

“It is encouraging that Tuyar and several other high-tech E&E companies have chosen Malaysia as their base of operations and technology transfer, manifesting clearly why the country remains a preferred investment destination,” the minister said in his social media post.

Silterra and Tuyar have entered into a memorandum of understanding (MoU) to explore collaboration in technology development and manufacturing in the semiconductor industry, with the Malaysian chipmaker assisting the latter to develop the base technology and to manufacture in Silterra.

“The collaboration would also benefit Malaysia’s machine and equipment manufacturers as well as create opportunities for other local vendors, thus further adding value to domestic supply chain,” he said.

“The prime minister has expressed his enthusiasm on the potential collaboration and reiterated that the government is fully supportive of these initiatives through the Ministry of International Trade and Industry (MITI) and Malaysian Investment Development Authority,” he added.

The minister said on a another note that a productive discussion was held with Dr Tarik Var, chief executive officer of Istanbul Shipyard to further explore business opportunities in Malaysia. The company is exploring more potential collaborations with the Malaysian defence and shipbuilding players, including cooperation with the Royal Malaysian Navy and Malaysian Maritime Enforcement Agency, with a proposed investment value of about RM1 billion in five years.

“I express that these initiatives are in line with the National Investment Aspirations as the government through MITI is committed to developing the shipbuilding ecosystem amongst the small and medium enterprises and to encourage the transfer of technology,” he added.

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