Aligns with MITI's goal to boost Msia’s industrial complexity in the NIMP2023The Ministry of Investment, Trade & Industry has officially announced that Collaborative Research in Engineering, Science and Technology is now an agency under MITI.
In 2022, E&E exports reached US$126.8 billion , accounting for 38.3% of Malaysia's total exports. During the same year, this sector attracted 106 investment projects valued at US$6.2 billion and created 9,099 higher-paying jobs at the Managerial, Technical, and Supervisory levels, making it the leading industry in job creation.
He highlighted CREST's crucial role in supporting the establishment of Malaysia's first wafer fabrication company and five Integrated Circuit design firms, as outlined in the recently launched NIMP 2030. Furthermore, he noted that CREST will play a vital role in elevating Malaysia's semiconductor industry on the global value chain, leading to increased E&E exports and contributing to the MADANI Economy's goal of positioning Malaysia among the Top 30 global economies.