KUALA LUMPUR, Sept 25 — Malaysia Productivity Corporation (MPC) is optimistic that the electrical and electronics (E&E) industry will continue its upward trajectory to achieve...
KUALA LUMPUR, Sept 25 — Malaysia Productivity Corporation is optimistic that the electrical and electronics industry will continue its upward trajectory to achieve its targeted RM120 billion added value by 2025.
The sector’s added value reached RM113.2 billion in 2022 against RM86.1 billion at the commencement of the 12MP. “To facilitate the growth, it is crucial to develop more local companies to cater to the industry’s demand and subsequently become global champions, particularly in automation for semiconductor and integrated circuit design houses,” the statement said.
MPC, via EEPN and the Malaysia Semiconductor Industry Association, said it welcomes economic restructuring which uses what is known as the High Growth High Value 3 initiative which focuses on the high-value E&E industry.
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