The lockdowns saw many factories in Malaysia and other countries suspending their operations or operating in limited capacities.
He noted that the government has allowed factories to resume operations at 100 per cent capacity after 80 per cent of the employees have been fully vaccinated, which helped to ease some of the pressure in meeting customers’ orders. According to the survey, 16 companies said they would invest over RM4 billion in capital expenditure over the next two years, expand their built-up area by 3.4 million square feet, and create about 4,600 new jobs.
As for MPI, he said despite external challenges, the company foresees strong performance in the quarters ahead, driven by demand following continuous growth across segments such as automotive, 5G network deployment, data centres and Internet of Things. Malaysia is one of the top ten countries in the semiconductor industry, accounting for about seven per cent of the global semiconductor trade and about 13 per cent of the global capacity in terms of back-end assembly test and packaging.