Signing of letter of intent between Sidec and four IC design companies including Phison at KL20 Summit, April 22, 2024. — Picture courtesy of SidecKUALA LUMPUR, April 23 — One of the major highlights from the KL20 Summit yesterday was Datuk Pua Khein Seng of Taiwan-based Phison Electronics Corporation’s announcement of a new venture based in Selangor, called Malaysia AI Storage .
According to a report by local startup and SME-centred media platform, WargaBiz, Pua was educated at Pin Hwa High School in Klang. The company’s groundbreaking innovation eventually pushed out the then go-to storage system, the floppy disc, due to its impracticality and limited storage capacity. According to MyStarJob, the investors, who had promised NT$30 million, only offered NT$1million and shareholders refused to offer financial backing as needed.