MATRADE’s International Sourcing Programme Wrapped up Successfully at the Recently Concluded SEMICON SEA 2024
FRIDAY, 31 MAY 2024, KUALA LUMPUR: The International Sourcing Programme (INSP) organised by Malaysia External Trade Development Corporation (MATRADE) held in conjunction with SEMICON Southeast Asia (SEA) 2024 wrapped up yesterday with Malaysia standing out among the major regional players in the semiconductor industry.
MATRADE and its strategic partners MIDA, MDEC and MRANTI collaborated in undertaking various engagement programmes at the Malaysia Sourcing Pavilion, facilitating meetings and pitching with foreign partners to tap into export opportunities around the world. The global players from the semiconductor industry were keen to work with Malaysian companies to expand their supplier base. Bustling with visitors from May 28-30, the Malaysia Sourcing Pavilion featured 25 tech companies, with diverse competencies in robotics, factory automation, drone tech, health tech and autonomous vehicles.
A total of 25 foreign companies from Taiwan, China, South Korea, Singapore, Thailand, Bangladesh, Germany, Lebanon, Hong Kong and South Africa registered in this year INSP edition, including 10 of them joined virtually. In total, 196 business meetings have taken place throughout the 3-day event between Malaysian companies and foreign counterparts, resulting in RM331.21 million worth of business deals. Among products and services sourced include cleanroom gloves, machinery & equipment for the semiconductor industry, automated test equipment (ATE), precision parts and components, electronics manufacturing services (EMS), system integration for factory automation, cables and wire harness, and battery energy storage system (BESS).
‘MATRADE strategic alliances with MIDA, MDEC and MRANTI this year are indeed timely, in efforts to strengthen Malaysian companies' participation in the global E&E supply chain. MATRADE will continue bridging Malaysian companies in the E&E sector with foreign partners through various initiatives such as this’, said Datuk Mohd Mustafa Abdul Aziz, CEO of MATRADE.
Held for the ninth-consecutive time since 2015, the INSP@SEMICON SEA is a high-impact and a cost-effective initiative, proven at connecting Malaysian companies within the electrical & electronics industry ecosystem to world’s semiconductor manufacturing companies and international equipment giants.
Ts. Mahadhir Aziz, CEO of MDEC said, ‘MDEC, in partnership with MATRADE and MRANTI, showcased 15 outstanding Malaysian technology companies at the Malaysia Sourcing Pavilion at SEMICON SEA 2024. This collaboration exemplified the spirit of the Malaysia Digital national strategic effort, enabling an environment where collective knowledge drives quick reactions to emerging trends, and digital transformation opens unparalleled prospects for development and innovation.’
Echoing the significance of concerted effort with MATRADE and MDEC, MRANTI’s participation at SEMICON SEA 2024 goes beyond showcasing the latest advancements. ‘We were demonstrating how our focus on key technologies like DroneTech, Robotics, HealthTech and Autonomous Vehicles is truly transforming the future of semiconductors. As Malaysia’s national testbed for 5G innovation, we leverage these cutting-edge solutions to enhance connectivity and automation, ultimately propelling the industry forward’, said Datuk Wira Dr. Hj. Rais Hussin Hj. Mohamed Ariff, CEO of MRANTI.
