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admin2023-01-187幸运哈希源码

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GEORGE TOWN: Malaysia’s electrical and electronic (E&E) sector will likely experience a contraction in sales this year, says Malaysia Semiconductor Industry Malaysia (MSIA) president Datuk Seri Wong Siew Hai.

Globally, the sales in E&E sector is expected to drop by about 4% in 2023, he added.

Wong said MSIA members in the consumer electronic products, personal computers and smart devices segments were also are projecting their revenues to decrease this year.

“However, those in the communication network, automotive and artificial intelligence segments are still doing okay,” he said at a luncheon organised by MSIA to honour Datuk Seri Mustapa Mohamed for his contributions to the local E&E industry.

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“We expect the growth in the E&E sector in 2022 to be between 17% and 19%,” said Wong. This is compared with about 18% growth in 2021.

Some 70 attendees, comprising MSIA board members and representatives from the E&E companies, were present at the event.

According to Wong, the consumer electronic companies have already undertaken austerity drive and hiring only to replace the essential staff.

“Malaysia is one of the beneficiaries of the US-China trade war. Some of the companies from China are relocating to Malaysia, which is cushioning the impact of the worldwide E&E contraction on the country,” he added.


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