MATRADE Promotes Malaysia's Capabilities in The Electrical and Electronics Sector to China
FRIDAY, OCTOBER 29, 2021, KUALA LUMPUR: Malaysia External Trade Development Corporation (MATRADE) continues its effort to promote the Malaysia’s electrical and electronics (E&E) sector by collaborating with the Industrial and Commercial Bank of China Malaysia (ICBC Malaysia) to organise a webinar on the outlook of the E&E sector in China as well as virtual business meetings between Malaysian companies and their Chinese counterparts. The objective of the online event was to promote deeper Malaysia-China trade and investment collaboration in the E&E sector. The webinar entitled “Enhancing Malaysia-China Collaboration in the E&E Sector†that featured speakers from MATRADE, Huawei Technologies Malaysia and ICBC Credit Suisse. The event was graced by the Ambassador of the People’s Republic of China to Malaysia, H.E. Ouyang Yujing.
“This webinar is an initiative to strengthen Malaysian companies’ participation in the global E&E supply chain including the Chinese market. The event will also serve as a useful platform for Malaysian companies to obtain latest market insights and outlook of the E&E sector in China from industry experts, while Chinese companies could know more about Malaysia’s E&E trade and capabilitiesâ€, said Madam Sharimahton Mat Saleh, MATRADE’s Deputy Chief Executive (Export Acceleration) in her speech at the opening of the event.
Apart from providing a knowledge-sharing platform highlighting China’s current technology trends and aspirations, this online event is to encourage collaboration between Malaysia and China E&E business players through business matching sessions via ICBC’s Business Matchmaker (BMM) Platform.
Mr. Lim Kok Fuat, Deputy Chief Executive of ICBC Malaysia said that the programme is the Bank’s-Public-Private partnership initiative to strengthen economic cooperation and promote bilateral trade and investment between Malaysia and China. “We hope the participants at this event may gain new insightful information on Malaysia’s trade and investment climate, how it fits with China’s growing technology innovation journey, and how they could benefit from these trendsâ€, added Mr. Lim.
According to Mr. Naim Abdul Rahman, Director of E&E, ICT, Machinery & Equipment Section, MATRADE, Malaysia’s capabilities in E&E are noticeable in several areas such as in Outsourced Semiconductor Assembly & Test (OSAT), Automated Test Equipment (ATE), Integrated Circuit (IC) Design and Electronic Manufacturing Services (EMS). Malaysia has developed some capable home-grown companies in all these segments within E&E, said Mr. Naim.
Malaysia’s exports of E&E products in 2020 were valued at US$92.14 billion, an increase of 2.3% from 2019; accounting for 39.3% share of Malaysia’s total exports. Semiconductor exports which comprises of semiconductor devices and electronic integrated circuits alone represent nearly 62% of Malaysia’s total E&E exports. China is a significant export market for Malaysia’s E&E products. It was ranked as the 3rd largest E&E export destination, with a value amounting to US$12.85 billion, representing 13.9% share of Malaysia’s total E&E exports in 2020. In January to August 2021, Malaysia’s E&E exports to China was valued at US$8.97 billion, an increase of 18.8%.
