SEMI Southeast Asia: Penang remains a vital investment destination for E&E industry

SEMICON Southeast Asia 2023 (SEMICON SEA 2023), the region’s premier event for the global electronics manufacturing and design supply chain, will once again be returning to Penang from May 23-25.

The three-day event will welcome in-person delegates and attendees to discuss critical topics driving the industry including sustainability, smart manufacturing, smart mobility, smart medtech and workforce development.

Themed Boosting Agility and Resiliency of the Electronics Supply Chain in Southeast Asia, registration for the event that will be held at the Setia SPICE Arena & Convention Centre is now open.

In a nutshell, SEMICON SEA 2023 will gather experts from around the world to explore ways for the electronics industry to build a more robust supply chain as it navigates the current economic downturn and on-going disruptions.

“Megatrends that include automation, the growth of artificial intelligence and soaring demand for electric vehicles continue to drive the dynamic semiconductor industry in the region,” SEMI Southeast Asia’s president Linda Tan told a media conference today.

“In Malaysia, Penang is leading the charge with much of these technological advancements taking place in this state. Given this backdrop, we are pleased to return to Penang once again to leverage the state’s solid reputation as the Silicon Valley of the East for SEMICON Southeast Asia 2023.”

Tan further applauded the continued support of the Penang State Government via InvestPenang. Last year, SEMICON Southeast Asia 2022 garnered record attendance of close to 14,000 delegates – a feat the organiser hopes to repeat for this year’s event.

According to the Penang Chief Minister’s special investment advisor Datuk Seri Lee Kah Choon, the state has demonstrated its significance in the electrical and electronic (E&E) sector by constantly contributing between 56%-60% of the country’s E&E exports over the past four years.

“Having over 50 years of industrial excellence, agility and resiliency are among the values that Penang strongly upholds,” enthused Lee.

“We constantly seize the opportunities arising from global development in a very timely manner and continuously source for ways to move up the value chain in order to stay relevant to the industry.”

In 2022, the state reached its all-time high of RM452 bil in total exports with a trade surplus of RM126 bil which represented 49% of the country’s total.

“I believe Penang’s commendable performance over the years has made us a well-fitted location to host SEMICON SEA 2023,” added Lee. – April 20, 2023

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