Malaysia's electrical and electronics industry celebrates Golden Jubilee

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KUALA LUMPUR: Malaysia's electrical and electronics (E&E) industry celebrated its 50th anniversary this year by recording a compounded annual growth rate of 16% over five decades.

"This is equivalent to Malaysia's E&E exports doubling every five years, an impressive performance," said Datuk Seri Wong Siew Hai, president of the Malaysian Semiconductor Industry Association at a gala dinner on Monday night here to celebrate the golden anniversary of what he described as"Malaysia's golden goose".

Companies with long histories in Malaysia were recognised for their contribution to Malaysia, such as Infineon T Technologies, Motorola Solutions Malaysia, TF-AMD, Osram Opto Semiconductors, Intel Malaysia, STMicroelectronics, Texas Instruments, Broadcom, Renesas Malaysia, Amkor Technology, Carsem, Keysight Technologies, Agilent Technologies, and Robert Bosch.

Organised by MSIA, the event was supported by the Malaysian Investment Development Authority and the Malaysia Productivity Corporation. "The industry is experiencing a period of high growth with digital transformation and emerging technologies such as Internet of Things, artificial intelligence, smart factories and autonomous vehicles.

"The industry must steer a course towards a future where sustainable growth can be achieved through resilience and an open, connected world. This is important as semiconductors and electronics has the most complex and geographically dispersed value chain in the world," said Wong.

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