News & Events

The nominations for the Malaysia Smart Manufacturing Awards 2023 showcased numerous impressive smart manufacturing initiatives that Bizsphere observed within the local context. However, Bizsphere recognizes that complacency cannot be afforded by merely comparing manufacturing performance on a local scale. Consequently, Bizsphere seized the opportunity to conduct a visit to several smart factories in Shanghai the previous week.

Public Investment Bank (PublicInvest) expects Malaysia's purchasing managers' index (PMI) to align with global trends and consistently stay above the 50-level mark throughout 2024, provided global uncertainties stabilise.

In an ambitious move, the Malaysian government today unveiled its National Semiconductor Strategy (NSS), a sweeping three-phase plan backed by US$5.3 billion (RM25 billion) in fiscal support and targeted incentives, designed to transform the country into a global powerhouse in the semiconductor industry over the next decade.

Malaysia has the potential to become a stable manufacturing destination for foreign investors, supported by its supportive labor market, well-capitalized financial sector and well-developed infrastructure.

Managing director Teoh Tze Ping said the integration of AI into industries such as manufacturing, healthcare and construction can lead to substantial growth and competitiveness on a global scale.

The Malaysia Semiconductor Accelerator and IC Design Park: Selangor Hub, an initiative of the Selangor government through its digital economy arm, is expected to bring in economic returns of RM500 million to RM1 billion.